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 2019 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.

Boris Johnson tax Calculator
£66,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay45238.4847778.4848738.48
Difference n/a25403500
Take Home68.54%72.39%73.85%

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)

2019 Salary Example for £66,000.00 (Current)

£66,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income66,000.005,500.005,076.922,538.461,269.23260.8736.26100.00%
Adjusted Gross Income262,700.005,225.004,823.082,411.541,205.77247.8334.4595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.94%
Company Pension: Employee3,300.00275.00253.85126.9263.4613.041.815.00%
Company Pension: Employer1,980.00165.00152.3176.1538.087.831.093.00%
Taxable Pay50,200.004,183.333,861.541,930.77965.38198.4227.5876.06%
Tax Due [PAYE]12,580.001,048.33967.69483.85241.9249.726.9119.06%
National Insurance4,881.52406.79375.50187.7593.8819.292.687.40%
Total Pay Deductions20,761.521,730.131,597.04798.52399.2682.0611.4131.46%
Net Pay45,238.483,769.873,479.881,739.94869.97178.8124.8668.54%

Employers NIC Contribution7,490.09624.17576.16288.08144.0429.614.1211.35%
Salary Package [Cost of Employee]75,470.096,289.175,805.392,902.701,451.35298.3041.47114.35%

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

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2019 Salary Example for £66,000.00 (Planned by Boris Johnson)

£66,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income66,000.005,500.005,076.922,538.461,269.23260.8736.26100.00%
Adjusted Gross Income262,700.005,225.004,823.082,411.541,205.77247.8334.4595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.94%
Company Pension: Employee3,300.00275.00253.85126.9263.4613.041.815.00%
Company Pension: Employer1,980.00165.00152.3176.1538.087.831.093.00%
Taxable Pay50,200.004,183.333,861.541,930.77965.38198.4227.5876.06%
Tax Due [PAYE]10,040.00836.67772.31386.15193.0839.685.5215.21%
National Insurance4,881.52406.79375.50187.7593.8819.292.687.40%
Total Pay Deductions18,221.521,518.461,401.66700.83350.4172.0210.0127.61%
Net Pay47,778.483,981.543,675.271,837.63918.82188.8526.2572.39%

Employers NIC Contribution7,490.09624.17576.16288.08144.0429.614.1211.35%
Salary Package [Cost of Employee]75,470.096,289.175,805.392,902.701,451.35298.3041.47114.35%

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

2019 Salary Example for £66,000.00 (Suggested by iCalculator)

£66,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income66,000.005,500.005,076.922,538.461,269.23260.8736.26100.00%
Adjusted Gross Income262,700.005,225.004,823.082,411.541,205.77247.8334.4595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4845.45%
Company Pension: Employee3,300.00275.00253.85126.9263.4613.041.815.00%
Company Pension: Employer1,980.00165.00152.3176.1538.087.831.093.00%
Taxable Pay32,700.002,725.002,515.381,257.69628.85129.2517.9749.55%
Tax Due [PAYE]9,080.00756.67698.46349.23174.6235.894.9913.76%
National Insurance4,881.52406.79375.50187.7593.8819.292.687.40%
Total Pay Deductions17,261.521,438.461,327.81663.90331.9568.239.4826.15%
Net Pay48,738.484,061.543,749.111,874.56937.28192.6426.7873.85%

Employers NIC Contribution7,490.09624.17576.16288.08144.0429.614.1211.35%
Salary Package [Cost of Employee]75,470.096,289.175,805.392,902.701,451.35298.3041.47114.35%

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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