Boris Johnson Tax Calculator - £57,000.00 Salary Example (£57K 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 £57,000.00 Salary (£57K Salary). The illustration also includes an overview of a current 2019 salary example for £57,000.00 and an salary example for £57,000.00 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
£57,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay40279.4841109.4843779.48
Difference n/a8303500
Take Home70.67%72.12%76.81%

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: £57,000.00
  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 £57,000.00 (Current)

£57,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income57,000.004,750.004,384.622,192.311,096.15225.3031.32100.00%
Adjusted Gross Income254,150.004,512.504,165.382,082.691,041.35214.0329.7595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8721.93%
Company Pension: Employee2,850.00237.50219.23109.6254.8111.261.575.00%
Company Pension: Employer1,710.00142.50131.5465.7732.886.760.943.00%
Taxable Pay41,650.003,470.833,203.851,601.92800.96164.6222.8873.07%
Tax Due [PAYE]9,160.00763.33704.62352.31176.1536.215.0316.07%
National Insurance4,710.52392.54362.35181.1790.5918.622.598.26%
Total Pay Deductions16,720.521,393.381,286.19643.10321.5566.099.1929.33%
Net Pay40,279.483,356.623,098.421,549.21774.61159.2122.1370.67%

Employers NIC Contribution6,310.19525.85485.40242.70121.3524.943.4711.07%
Salary Package [Cost of Employee]65,020.195,418.355,001.552,500.781,250.39257.0035.73114.07%

1 Percentage expressed in relation to Gross Income [£54,150.00].

2019 Salary Example for £57,000.00 (Planned by Boris Johnson)

£57,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income57,000.004,750.004,384.622,192.311,096.15225.3031.32100.00%
Adjusted Gross Income254,150.004,512.504,165.382,082.691,041.35214.0329.7595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8721.93%
Company Pension: Employee2,850.00237.50219.23109.6254.8111.261.575.00%
Company Pension: Employer1,710.00142.50131.5465.7732.886.760.943.00%
Taxable Pay41,650.003,470.833,203.851,601.92800.96164.6222.8873.07%
Tax Due [PAYE]8,330.00694.17640.77320.38160.1932.924.5814.61%
National Insurance4,710.52392.54362.35181.1790.5918.622.598.26%
Total Pay Deductions15,890.521,324.211,222.35611.17305.5962.818.7327.88%
Net Pay41,109.483,425.793,162.271,581.13790.57162.4922.5972.12%

Employers NIC Contribution6,310.19525.85485.40242.70121.3524.943.4711.07%
Salary Package [Cost of Employee]65,020.195,418.355,001.552,500.781,250.39257.0035.73114.07%

1 Percentage expressed in relation to Gross Income [£54,150.00].

2019 Salary Example for £57,000.00 (Suggested by iCalculator)

£57,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income57,000.004,750.004,384.622,192.311,096.15225.3031.32100.00%
Adjusted Gross Income254,150.004,512.504,165.382,082.691,041.35214.0329.7595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4852.63%
Company Pension: Employee2,850.00237.50219.23109.6254.8111.261.575.00%
Company Pension: Employer1,710.00142.50131.5465.7732.886.760.943.00%
Taxable Pay24,150.002,012.501,857.69928.85464.4295.4513.2742.37%
Tax Due [PAYE]5,660.00471.67435.38217.69108.8522.373.119.93%
National Insurance4,710.52392.54362.35181.1790.5918.622.598.26%
Total Pay Deductions13,220.521,101.711,016.96508.48254.2452.267.2623.19%
Net Pay43,779.483,648.293,367.651,683.83841.91173.0424.0576.81%

Employers NIC Contribution6,310.19525.85485.40242.70121.3524.943.4711.07%
Salary Package [Cost of Employee]65,020.195,418.355,001.552,500.781,250.39257.0035.73114.07%

1 Percentage expressed in relation to Gross Income [£54,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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