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 2019 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 Pay44348.4447037.4848187.48
Difference n/a2689.043839.04
Take Home68.23%72.37%74.13%

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)

2019 Salary Example for £65,000.00 (Current)

£65,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.23%
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 Pay49,250.004,104.173,788.461,894.23947.12194.6627.0675.77%
Tax Due [PAYE]12,200.001,016.67938.46469.23234.6248.226.7018.77%
National Insurance5,201.56433.46400.12200.06100.0320.562.868.00%
Total Pay Deductions20,651.561,720.961,588.58794.29397.1581.6311.3531.77%
Net Pay44,348.443,695.703,411.421,705.71852.85175.2924.3768.23%

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].

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2019 Salary Example for £65,000.00 (Planned by Boris Johnson)

£65,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8719.23%
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 Pay49,250.004,104.173,788.461,894.23947.12194.6627.0675.77%
Tax Due [PAYE]9,850.00820.83757.69378.85189.4238.935.4115.15%
National Insurance4,862.52405.21374.04187.0293.5119.222.677.48%
Total Pay Deductions17,962.521,496.881,381.73690.87345.4371.009.8727.63%
Net Pay47,037.483,919.793,618.271,809.13904.57185.9225.8472.37%

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].

2019 Salary Example for £65,000.00 (Suggested by iCalculator)

£65,000.00 Salary Example 2019/20 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%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4846.15%
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 Pay31,750.002,645.832,442.311,221.15610.58125.4917.4548.85%
Tax Due [PAYE]8,700.00725.00669.23334.62167.3134.394.7813.38%
National Insurance4,862.52405.21374.04187.0293.5119.222.677.48%
Total Pay Deductions16,812.521,401.041,293.27646.64323.3266.459.2425.87%
Net Pay48,187.484,015.623,706.731,853.36926.68190.4626.4874.13%

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

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