Boris Johnson Tax Calculator - £63,000.00 Salary Example (£63K 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 £63,000.00 Salary (£63K Salary). The illustration also includes an overview of a current 2019 salary example for £63,000.00 and an salary example for £63,000.00 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
£63,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay43246.4445555.4847085.48
Difference n/a2309.043839.04
Take Home68.65%72.31%74.74%

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: £63,000.00
  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 £63,000.00 (Current)

£63,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income63,000.005,250.004,846.152,423.081,211.54249.0134.62100.00%
Adjusted Gross Income259,850.004,987.504,603.852,301.921,150.96236.5632.8895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.84%
Company Pension: Employee3,150.00262.50242.31121.1560.5812.451.735.00%
Company Pension: Employer1,890.00157.50145.3872.6936.357.471.043.00%
Taxable Pay47,350.003,945.833,642.311,821.15910.58187.1526.0275.16%
Tax Due [PAYE]11,440.00953.33880.00440.00220.0045.226.2918.16%
National Insurance5,163.56430.30397.20198.6099.3020.412.848.20%
Total Pay Deductions19,753.561,646.131,519.50759.75379.8878.0810.8531.35%
Net Pay43,246.443,603.873,326.651,663.32831.66170.9323.7668.65%

Employers NIC Contribution7,068.08589.01543.70271.85135.9227.943.8811.22%
Salary Package [Cost of Employee]71,958.085,996.515,535.242,767.621,383.81284.4239.54114.22%

1 Percentage expressed in relation to Gross Income [£59,850.00].

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2019 Salary Example for £63,000.00 (Planned by Boris Johnson)

£63,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income63,000.005,250.004,846.152,423.081,211.54249.0134.62100.00%
Adjusted Gross Income259,850.004,987.504,603.852,301.921,150.96236.5632.8895.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.84%
Company Pension: Employee3,150.00262.50242.31121.1560.5812.451.735.00%
Company Pension: Employer1,890.00157.50145.3872.6936.357.471.043.00%
Taxable Pay47,350.003,945.833,642.311,821.15910.58187.1526.0275.16%
Tax Due [PAYE]9,470.00789.17728.46364.23182.1237.435.2015.03%
National Insurance4,824.52402.04371.12185.5692.7819.072.657.66%
Total Pay Deductions17,444.521,453.711,341.89670.94335.4768.959.5827.69%
Net Pay45,555.483,796.293,504.271,752.13876.07180.0625.0372.31%

Employers NIC Contribution7,096.79591.40545.91272.95136.4828.053.9011.26%
Salary Package [Cost of Employee]71,986.795,998.905,537.452,768.721,384.36284.5339.55114.26%

1 Percentage expressed in relation to Gross Income [£59,850.00].

2019 Salary Example for £63,000.00 (Suggested by iCalculator)

£63,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income63,000.005,250.004,846.152,423.081,211.54249.0134.62100.00%
Adjusted Gross Income259,850.004,987.504,603.852,301.921,150.96236.5632.8895.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4847.62%
Company Pension: Employee3,150.00262.50242.31121.1560.5812.451.735.00%
Company Pension: Employer1,890.00157.50145.3872.6936.357.471.043.00%
Taxable Pay29,850.002,487.502,296.151,148.08574.04117.9816.4047.38%
Tax Due [PAYE]7,940.00661.67610.77305.38152.6931.384.3612.60%
National Insurance4,824.52402.04371.12185.5692.7819.072.657.66%
Total Pay Deductions15,914.521,326.211,224.19612.10306.0562.908.7425.26%
Net Pay47,085.483,923.793,621.961,810.98905.49186.1125.8774.74%

Employers NIC Contribution7,096.79591.40545.91272.95136.4828.053.9011.26%
Salary Package [Cost of Employee]71,986.795,998.905,537.452,768.721,384.36284.5339.55114.26%

1 Percentage expressed in relation to Gross Income [£59,850.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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