Boris Johnson Tax Calculator - £54,000.00 Salary Example (£54K Salary)

This Salary and Tax Calculator is provided to illustrate how Boris Johnsons planned changes to the higher Rate Income Tax Threshold will affect a £54,000.00 Salary (£54K Salary). The illustration also includes an overview of a current 2019 salary example for £54,000.00 and an salary example for £54,000.00 if the personal allowance were to be increase to £30k (a solution which would affect all tax ayers, not just those who earner over £50k.

Boris Johnson tax Calculator
£54,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay38287.4438886.4842126.48
Difference n/a599.039999999993839.04
Take Home70.90%72.01%78.01%

You can see a detailed salary overview for each of these calculations below.

About the Boris Johnson Salary Examples

In order to provide a like-for-like salary comparison against our three tax scenarios, we have used the following defaults:

  1. Annual Salary before tax: £54,000.00
  2. The individual is part of a company pension scheme
    1. An Employer Pension Contribution of 5% has been applied
    2. An Employee Pension Contribution of 3% has been applied
  3. A standard tax code has been used
  4. Salary is calculated over a full tax year
  5. There are no salary sacrifice options included
  6. There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)

2019 Salary Example for £54,000.00 (Current)

£54,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income54,000.004,500.004,153.852,076.921,038.46213.4429.67100.00%
Adjusted Gross Income251,300.004,275.003,946.151,973.08986.54202.7728.1995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8723.15%
Company Pension: Employee2,700.00225.00207.69103.8551.9210.671.485.00%
Company Pension: Employer1,620.00135.00124.6262.3131.156.400.893.00%
Taxable Pay38,800.003,233.332,984.621,492.31746.15153.3621.3271.85%
Tax Due [PAYE]8,020.00668.33616.92308.46154.2331.704.4114.85%
National Insurance4,992.56416.05384.04192.0296.0119.732.749.25%
Total Pay Deductions15,712.561,309.381,208.66604.33302.1662.108.6329.10%
Net Pay38,287.443,190.622,945.191,472.59736.30151.3321.0470.90%

Employers NIC Contribution5,888.18490.68452.94226.47113.2323.273.2410.90%
Salary Package [Cost of Employee]61,508.185,125.684,731.402,365.701,182.85243.1233.80113.90%

1 Percentage expressed in relation to Gross Income [£51,300.00].

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2019 Salary Example for £54,000.00 (Planned by Boris Johnson)

£54,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income54,000.004,500.004,153.852,076.921,038.46213.4429.67100.00%
Adjusted Gross Income251,300.004,275.003,946.151,973.08986.54202.7728.1995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8723.15%
Company Pension: Employee2,700.00225.00207.69103.8551.9210.671.485.00%
Company Pension: Employer1,620.00135.00124.6262.3131.156.400.893.00%
Taxable Pay38,800.003,233.332,984.621,492.31746.15153.3621.3271.85%
Tax Due [PAYE]7,760.00646.67596.92298.46149.2330.674.2614.37%
National Insurance4,653.52387.79357.96178.9889.4918.392.568.62%
Total Pay Deductions15,113.521,259.461,162.58581.29290.6459.748.3027.99%
Net Pay38,886.483,240.542,991.271,495.63747.82153.7021.3772.01%

Employers NIC Contribution5,916.89493.07455.15227.57113.7923.393.2510.96%
Salary Package [Cost of Employee]61,536.895,128.074,733.612,366.801,183.40243.2333.81113.96%

1 Percentage expressed in relation to Gross Income [£51,300.00].

2019 Salary Example for £54,000.00 (Suggested by iCalculator)

£54,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income54,000.004,500.004,153.852,076.921,038.46213.4429.67100.00%
Adjusted Gross Income251,300.004,275.003,946.151,973.08986.54202.7728.1995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4855.56%
Company Pension: Employee2,700.00225.00207.69103.8551.9210.671.485.00%
Company Pension: Employer1,620.00135.00124.6262.3131.156.400.893.00%
Taxable Pay21,300.001,775.001,638.46819.23409.6284.1911.7039.44%
Tax Due [PAYE]4,520.00376.67347.69173.8586.9217.872.488.37%
National Insurance4,653.52387.79357.96178.9889.4918.392.568.62%
Total Pay Deductions11,873.52989.46913.35456.67228.3446.936.5221.99%
Net Pay42,126.483,510.543,240.501,620.25810.12166.5123.1578.01%

Employers NIC Contribution5,916.89493.07455.15227.57113.7923.393.2510.96%
Salary Package [Cost of Employee]61,536.895,128.074,733.612,366.801,183.40243.2333.81113.96%

1 Percentage expressed in relation to Gross Income [£51,300.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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