Boris Johnson Tax Calculator - £ 66,000.00 Salary Example (£66K 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 £ 66,000.00 Salary (£66K Salary). The illustration also includes an overview of a current 2023 salary example for £ 66,000.00 and an salary example for £ 66,000.00 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.

£ 66,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	39899.44	45278.48	36738.48
Difference	n/a	5379.04	-3160.96
Take Home	60.45%	68.60%	55.66%

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: £ 66,000.00
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 £ 66,000.00 (Current)

£ 66,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	66,000.00	5,500.00	5,076.92	2,538.46	1,269.23	260.87	36.26	100.00%
Adjusted Gross Income2	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Company Pension: Employee	3,300.00	275.00	253.85	126.92	63.46	13.04	1.81	5.00%
Company Pension: Employer	1,980.00	165.00	152.31	76.15	38.08	7.83	1.09	3.00%
Taxable Pay	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Tax Due [PAYE]	17,580.00	1,465.00	1,352.31	676.15	338.08	69.49	9.66	26.64%
National Insurance	5,220.56	435.05	401.58	200.79	100.40	20.63	2.87	7.91%
Total Pay Deductions	26,100.56	2,175.05	2,007.74	1,003.87	501.93	103.16	14.34	39.55%
Net Pay	39,899.44	3,324.95	3,069.19	1,534.59	767.30	157.71	21.92	60.45%
Employers NIC Contribution	7,461.38	621.78	573.95	286.98	143.49	29.49	4.10	11.31%
Salary Package [Cost of Employee]	75,441.38	6,286.78	5,803.18	2,901.59	1,450.80	298.19	41.45	114.31%

¹ Percentage expressed in relation to Gross Income [£ 62,700.00].

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2023 Salary Example for £ 66,000.00 (Planned by Boris Johnson)

£ 66,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	66,000.00	5,500.00	5,076.92	2,538.46	1,269.23	260.87	36.26	100.00%
Adjusted Gross Income2	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Company Pension: Employee	3,300.00	275.00	253.85	126.92	63.46	13.04	1.81	5.00%
Company Pension: Employer	1,980.00	165.00	152.31	76.15	38.08	7.83	1.09	3.00%
Taxable Pay	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Tax Due [PAYE]	12,540.00	1,045.00	964.62	482.31	241.15	49.57	6.89	19.00%
National Insurance	4,881.52	406.79	375.50	187.75	93.88	19.29	2.68	7.40%
Total Pay Deductions	20,721.52	1,726.79	1,593.96	796.98	398.49	81.90	11.39	31.40%
Net Pay	45,278.48	3,773.21	3,482.96	1,741.48	870.74	178.97	24.88	68.60%
Employers NIC Contribution	7,490.09	624.17	576.16	288.08	144.04	29.61	4.12	11.35%
Salary Package [Cost of Employee]	75,470.09	6,289.17	5,805.39	2,902.70	1,451.35	298.30	41.47	114.35%

¹ Percentage expressed in relation to Gross Income [£ 62,700.00].

2023 Salary Example for £ 66,000.00 (Suggested by iCalculator)

£ 66,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	66,000.00	5,500.00	5,076.92	2,538.46	1,269.23	260.87	36.26	100.00%
Adjusted Gross Income2	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Company Pension: Employee	3,300.00	275.00	253.85	126.92	63.46	13.04	1.81	5.00%
Company Pension: Employer	1,980.00	165.00	152.31	76.15	38.08	7.83	1.09	3.00%
Taxable Pay	62,700.00	5,225.00	4,823.08	2,411.54	1,205.77	247.83	34.45	95.00%
Tax Due [PAYE]	21,080.00	1,756.67	1,621.54	810.77	405.38	83.32	11.58	31.94%
National Insurance	4,881.52	406.79	375.50	187.75	93.88	19.29	2.68	7.40%
Total Pay Deductions	29,261.52	2,438.46	2,250.89	1,125.44	562.72	115.66	16.08	44.34%
Net Pay	36,738.48	3,061.54	2,826.04	1,413.02	706.51	145.21	20.19	55.66%
Employers NIC Contribution	7,490.09	624.17	576.16	288.08	144.04	29.61	4.12	11.35%
Salary Package [Cost of Employee]	75,470.09	6,289.17	5,805.39	2,902.70	1,451.35	298.30	41.47	114.35%

¹ Percentage expressed in relation to Gross Income [£ 62,700.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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