Boris Johnson Tax Calculator - £64,000.00 Salary Example (£64K 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 £64,000.00 Salary (£64K Salary). The illustration also includes an overview of a current 2019 salary example for £64,000.00 and an salary example for £64,000.00 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
£64,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay43797.4446296.4847636.48
Difference n/a2499.043839.04
Take Home68.43%72.34%74.43%

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: £64,000.00
  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 £64,000.00 (Current)

£64,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income64,000.005,333.334,923.082,461.541,230.77252.9635.16100.00%
Adjusted Gross Income260,800.005,066.674,676.922,338.461,169.23240.3233.4195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.53%
Company Pension: Employee3,200.00266.67246.15123.0861.5412.651.765.00%
Company Pension: Employer1,920.00160.00147.6973.8536.927.591.053.00%
Taxable Pay48,300.004,025.003,715.381,857.69928.85190.9126.5475.47%
Tax Due [PAYE]11,820.00985.00909.23454.62227.3146.726.4918.47%
National Insurance5,182.56431.88398.66199.3399.6620.482.858.10%
Total Pay Deductions20,202.561,683.551,554.04777.02388.5179.8511.1031.57%
Net Pay43,797.443,649.793,369.031,684.52842.26173.1124.0668.43%

Employers NIC Contribution7,199.18599.93553.78276.89138.4528.463.9611.25%
Salary Package [Cost of Employee]73,119.186,093.275,624.552,812.281,406.14289.0140.18114.25%

1 Percentage expressed in relation to Gross Income [£60,800.00].

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2019 Salary Example for £64,000.00 (Planned by Boris Johnson)

£64,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income64,000.005,333.334,923.082,461.541,230.77252.9635.16100.00%
Adjusted Gross Income260,800.005,066.674,676.922,338.461,169.23240.3233.4195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.53%
Company Pension: Employee3,200.00266.67246.15123.0861.5412.651.765.00%
Company Pension: Employer1,920.00160.00147.6973.8536.927.591.053.00%
Taxable Pay48,300.004,025.003,715.381,857.69928.85190.9126.5475.47%
Tax Due [PAYE]9,660.00805.00743.08371.54185.7738.185.3115.09%
National Insurance4,843.52403.63372.58186.2993.1419.142.667.57%
Total Pay Deductions17,703.521,475.291,361.81680.90340.4569.979.7327.66%
Net Pay46,296.483,858.043,561.271,780.63890.32182.9925.4472.34%

Employers NIC Contribution7,227.89602.32555.99278.00139.0028.573.9711.29%
Salary Package [Cost of Employee]73,147.896,095.665,626.762,813.381,406.69289.1240.19114.29%

1 Percentage expressed in relation to Gross Income [£60,800.00].

2019 Salary Example for £64,000.00 (Suggested by iCalculator)

£64,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income64,000.005,333.334,923.082,461.541,230.77252.9635.16100.00%
Adjusted Gross Income260,800.005,066.674,676.922,338.461,169.23240.3233.4195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4846.88%
Company Pension: Employee3,200.00266.67246.15123.0861.5412.651.765.00%
Company Pension: Employer1,920.00160.00147.6973.8536.927.591.053.00%
Taxable Pay30,800.002,566.672,369.231,184.62592.31121.7416.9248.13%
Tax Due [PAYE]8,320.00693.33640.00320.00160.0032.894.5713.00%
National Insurance4,843.52403.63372.58186.2993.1419.142.667.57%
Total Pay Deductions16,363.521,363.631,258.73629.37314.6864.688.9925.57%
Net Pay47,636.483,969.713,664.341,832.17916.09188.2926.1774.43%

Employers NIC Contribution7,227.89602.32555.99278.00139.0028.573.9711.29%
Salary Package [Cost of Employee]73,147.896,095.665,626.762,813.381,406.69289.1240.19114.29%

1 Percentage expressed in relation to Gross Income [£60,800.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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