Menu

Boris Johnson Tax Calculator - £ 65,000.00 Salary Example (£65K 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 £ 65,000.00 Salary (£65K Salary). The illustration also includes an overview of a current 2023 salary example for £ 65,000.00 and an salary example for £ 65,000.00 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
£ 65,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator™ £30k Personal Allowance
Net Pay39348.4444537.4836187.48
Difference n/a5189.04-3160.96
Take Home60.54%68.52%55.67%

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: £ 65,000.00
  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 £ 65,000.00 (Current)

£ 65,000.00 Salary Example 2023/24 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income65,000.005,416.675,000.002,500.001,250.00256.9235.71100.00%
Adjusted Gross Income261,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Company Pension: Employee3,250.00270.83250.00125.0062.5012.851.795.00%
Company Pension: Employer1,950.00162.50150.0075.0037.507.711.073.00%
Taxable Pay61,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Tax Due [PAYE]17,200.001,433.331,323.08661.54330.7767.989.4526.46%
National Insurance5,201.56433.46400.12200.06100.0320.562.868.00%
Total Pay Deductions25,651.562,137.631,973.20986.60493.30101.3914.0939.46%
Net Pay39,348.443,279.043,026.801,513.40756.70155.5321.6260.54%

Employers NIC Contribution7,330.28610.86563.87281.93140.9728.974.0311.28%
Salary Package [Cost of Employee]74,280.286,190.025,713.872,856.931,428.47293.6040.81114.28%

1 Percentage expressed in relation to Gross Income [£ 61,750.00].

Please provide a rating, it takes seconds and helps us to keep this resource free for all to use

[ No Votes ]

2023 Salary Example for £ 65,000.00 (Planned by Boris Johnson)

£ 65,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income65,000.005,416.675,000.002,500.001,250.00256.9235.71100.00%
Adjusted Gross Income261,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Company Pension: Employee3,250.00270.83250.00125.0062.5012.851.795.00%
Company Pension: Employer1,950.00162.50150.0075.0037.507.711.073.00%
Taxable Pay61,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Tax Due [PAYE]12,350.001,029.17950.00475.00237.5048.816.7919.00%
National Insurance4,862.52405.21374.04187.0293.5119.222.677.48%
Total Pay Deductions20,462.521,705.211,574.04787.02393.5180.8811.2431.48%
Net Pay44,537.483,711.463,425.961,712.98856.49176.0424.4768.52%

Employers NIC Contribution7,358.99613.25566.08283.04141.5229.094.0411.32%
Salary Package [Cost of Employee]74,308.996,192.425,716.082,858.041,429.02293.7140.83114.32%

1 Percentage expressed in relation to Gross Income [£ 61,750.00].

2023 Salary Example for £ 65,000.00 (Suggested by iCalculator)

£ 65,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income65,000.005,416.675,000.002,500.001,250.00256.9235.71100.00%
Adjusted Gross Income261,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Company Pension: Employee3,250.00270.83250.00125.0062.5012.851.795.00%
Company Pension: Employer1,950.00162.50150.0075.0037.507.711.073.00%
Taxable Pay61,750.005,145.834,750.002,375.001,187.50244.0733.9395.00%
Tax Due [PAYE]20,700.001,725.001,592.31796.15398.0881.8211.3731.85%
National Insurance4,862.52405.21374.04187.0293.5119.222.677.48%
Total Pay Deductions28,812.522,401.042,216.351,108.17554.09113.8815.8344.33%
Net Pay36,187.483,015.622,783.651,391.83695.91143.0319.8855.67%

Employers NIC Contribution7,358.99613.25566.08283.04141.5229.094.0411.32%
Salary Package [Cost of Employee]74,308.996,192.425,716.082,858.041,429.02293.7140.83114.32%

1 Percentage expressed in relation to Gross Income [£ 61,750.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.