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 2019 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 Pay42144.4444073.4845983.48
Difference n/a1929.043839.04
Take Home69.09%72.25%75.38%

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)

2019 Salary Example for £61,000.00 (Current)

£61,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8720.49%
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 Pay45,450.003,787.503,496.151,748.08874.04179.6424.9774.51%
Tax Due [PAYE]10,680.00890.00821.54410.77205.3842.215.8717.51%
National Insurance5,125.56427.13394.27197.1498.5720.262.828.40%
Total Pay Deductions18,855.561,571.301,450.43725.21362.6174.5310.3630.91%
Net Pay42,144.443,512.043,241.881,620.94810.47166.5823.1669.09%

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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2019 Salary Example for £61,000.00 (Planned by Boris Johnson)

£61,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8720.49%
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 Pay45,450.003,787.503,496.151,748.08874.04179.6424.9774.51%
Tax Due [PAYE]9,090.00757.50699.23349.62174.8135.934.9914.90%
National Insurance4,786.52398.88368.19184.1092.0518.922.637.85%
Total Pay Deductions16,926.521,410.541,302.04651.02325.5166.909.3027.75%
Net Pay44,073.483,672.793,390.271,695.13847.57174.2024.2272.25%

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].

2019 Salary Example for £61,000.00 (Suggested by iCalculator)

£61,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4849.18%
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 Pay27,950.002,329.172,150.001,075.00537.50110.4715.3645.82%
Tax Due [PAYE]7,180.00598.33552.31276.15138.0828.383.9511.77%
National Insurance4,786.52398.88368.19184.1092.0518.922.637.85%
Total Pay Deductions15,016.521,251.381,155.12577.56288.7859.358.2524.62%
Net Pay45,983.483,831.963,537.191,768.60884.30181.7525.2775.38%

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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