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Boris Johnson Tax Calculator - £ 61,000.00 Salary Example (£61K 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 £ 61,000.00 Salary (£61K Salary). The illustration also includes an overview of a current 2023 salary example for £ 61,000.00 and an salary example for £ 61,000.00 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
£ 61,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay37144.4441573.4833983.48
Difference n/a4429.04-3160.96
Take Home60.89%68.15%55.71%

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: £ 61,000.00
  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)

2023 Salary Example for £ 61,000.00 (Current)

£ 61,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income61,000.005,083.334,692.312,346.151,173.08241.1133.52100.00%
Adjusted Gross Income257,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Company Pension: Employee3,050.00254.17234.62117.3158.6512.061.685.00%
Company Pension: Employer1,830.00152.50140.7770.3835.197.231.013.00%
Taxable Pay57,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Tax Due [PAYE]15,680.001,306.671,206.15603.08301.5461.988.6225.70%
National Insurance5,125.56427.13394.27197.1498.5720.262.828.40%
Total Pay Deductions23,855.561,987.961,835.04917.52458.7694.2913.1139.11%
Net Pay37,144.443,095.372,857.261,428.63714.32146.8220.4160.89%

Employers NIC Contribution6,805.88567.16523.53261.76130.8826.903.7411.16%
Salary Package [Cost of Employee]69,635.885,802.995,356.612,678.301,339.15275.2438.26114.16%

1 Percentage expressed in relation to Gross Income [£ 57,950.00].

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2023 Salary Example for £ 61,000.00 (Planned by Boris Johnson)

£ 61,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income61,000.005,083.334,692.312,346.151,173.08241.1133.52100.00%
Adjusted Gross Income257,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Company Pension: Employee3,050.00254.17234.62117.3158.6512.061.685.00%
Company Pension: Employer1,830.00152.50140.7770.3835.197.231.013.00%
Taxable Pay57,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Tax Due [PAYE]11,590.00965.83891.54445.77222.8845.816.3719.00%
National Insurance4,786.52398.88368.19184.1092.0518.922.637.85%
Total Pay Deductions19,426.521,618.881,494.35747.17373.5976.7810.6731.85%
Net Pay41,573.483,464.463,197.961,598.98799.49164.3222.8468.15%

Employers NIC Contribution6,834.59569.55525.74262.87131.4327.013.7611.20%
Salary Package [Cost of Employee]69,664.595,805.385,358.812,679.411,339.70275.3538.28114.20%

1 Percentage expressed in relation to Gross Income [£ 57,950.00].

2023 Salary Example for £ 61,000.00 (Suggested by iCalculator)

£ 61,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income61,000.005,083.334,692.312,346.151,173.08241.1133.52100.00%
Adjusted Gross Income257,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Company Pension: Employee3,050.00254.17234.62117.3158.6512.061.685.00%
Company Pension: Employer1,830.00152.50140.7770.3835.197.231.013.00%
Taxable Pay57,950.004,829.174,457.692,228.851,114.42229.0531.8495.00%
Tax Due [PAYE]19,180.001,598.331,475.38737.69368.8575.8110.5431.44%
National Insurance4,786.52398.88368.19184.1092.0518.922.637.85%
Total Pay Deductions27,016.522,251.382,078.191,039.10519.55106.7814.8444.29%
Net Pay33,983.482,831.962,614.111,307.06653.53134.3218.6755.71%

Employers NIC Contribution6,834.59569.55525.74262.87131.4327.013.7611.20%
Salary Package [Cost of Employee]69,664.595,805.385,358.812,679.411,339.70275.3538.28114.20%

1 Percentage expressed in relation to Gross Income [£ 57,950.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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