Boris Johnson Tax Calculator - £59,000.00 Salary Example (£59K 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 £59,000.00 Salary (£59K Salary). The illustration also includes an overview of a current 2019 salary example for £59,000.00 and an salary example for £59,000.00 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
£59,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay41042.4442591.4844881.48
Difference n/a1549.043839.04
Take Home69.56%72.19%76.07%

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: £59,000.00
  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 £59,000.00 (Current)

£59,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income59,000.004,916.674,538.462,269.231,134.62233.2032.42100.00%
Adjusted Gross Income256,050.004,670.834,311.542,155.771,077.88221.5430.8095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8721.19%
Company Pension: Employee2,950.00245.83226.92113.4656.7311.661.625.00%
Company Pension: Employer1,770.00147.50136.1568.0834.047.000.973.00%
Taxable Pay43,550.003,629.173,350.001,675.00837.50172.1323.9373.81%
Tax Due [PAYE]9,920.00826.67763.08381.54190.7739.215.4516.81%
National Insurance5,087.56423.96391.35195.6897.8420.112.808.62%
Total Pay Deductions17,957.561,496.461,381.35690.68345.3470.989.8730.44%
Net Pay41,042.443,420.203,157.111,578.56789.28162.2222.5569.56%

Employers NIC Contribution6,543.68545.31503.36251.68125.8425.863.6011.09%
Salary Package [Cost of Employee]67,313.685,609.475,177.982,588.991,294.49266.0636.99114.09%

1 Percentage expressed in relation to Gross Income [£56,050.00].

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2019 Salary Example for £59,000.00 (Planned by Boris Johnson)

£59,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income59,000.004,916.674,538.462,269.231,134.62233.2032.42100.00%
Adjusted Gross Income256,050.004,670.834,311.542,155.771,077.88221.5430.8095.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8721.19%
Company Pension: Employee2,950.00245.83226.92113.4656.7311.661.625.00%
Company Pension: Employer1,770.00147.50136.1568.0834.047.000.973.00%
Taxable Pay43,550.003,629.173,350.001,675.00837.50172.1323.9373.81%
Tax Due [PAYE]8,710.00725.83670.00335.00167.5034.434.7914.76%
National Insurance4,748.52395.71365.27182.6491.3218.772.618.05%
Total Pay Deductions16,408.521,367.381,262.19631.10315.5564.869.0227.81%
Net Pay42,591.483,549.293,276.271,638.13819.07168.3523.4072.19%

Employers NIC Contribution6,572.39547.70505.57252.78126.3925.983.6111.14%
Salary Package [Cost of Employee]67,342.395,611.875,180.182,590.091,295.05266.1837.00114.14%

1 Percentage expressed in relation to Gross Income [£56,050.00].

2019 Salary Example for £59,000.00 (Suggested by iCalculator)

£59,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income59,000.004,916.674,538.462,269.231,134.62233.2032.42100.00%
Adjusted Gross Income256,050.004,670.834,311.542,155.771,077.88221.5430.8095.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4850.85%
Company Pension: Employee2,950.00245.83226.92113.4656.7311.661.625.00%
Company Pension: Employer1,770.00147.50136.1568.0834.047.000.973.00%
Taxable Pay26,050.002,170.832,003.851,001.92500.96102.9614.3144.15%
Tax Due [PAYE]6,420.00535.00493.85246.92123.4625.383.5310.88%
National Insurance4,748.52395.71365.27182.6491.3218.772.618.05%
Total Pay Deductions14,118.521,176.541,086.04543.02271.5155.807.7623.93%
Net Pay44,881.483,740.123,452.421,726.21863.11177.4024.6676.07%

Employers NIC Contribution6,572.39547.70505.57252.78126.3925.983.6111.14%
Salary Package [Cost of Employee]67,342.395,611.875,180.182,590.091,295.05266.1837.00114.14%

1 Percentage expressed in relation to Gross Income [£56,050.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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