Boris Johnson Tax Calculator - £67,000.00 Salary Example (£67K 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 £67,000.00 Salary (£67K Salary). The illustration also includes an overview of a current 2019 salary example for £67,000.00 and an salary example for £67,000.00 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
£67,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay45789.4848519.4849289.48
Difference n/a27303500
Take Home68.34%72.42%73.57%

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: £67,000.00
  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 £67,000.00 (Current)

£67,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income67,000.005,583.335,153.852,576.921,288.46264.8236.81100.00%
Adjusted Gross Income263,650.005,304.174,896.152,448.081,224.04251.5834.9795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.66%
Company Pension: Employee3,350.00279.17257.69128.8564.4213.241.845.00%
Company Pension: Employer2,010.00167.50154.6277.3138.657.941.103.00%
Taxable Pay51,150.004,262.503,934.621,967.31983.65202.1728.1076.34%
Tax Due [PAYE]12,960.001,080.00996.92498.46249.2351.237.1219.34%
National Insurance4,900.52408.38376.96188.4894.2419.372.697.31%
Total Pay Deductions21,210.521,767.541,631.58815.79407.8983.8411.6531.66%
Net Pay45,789.483,815.793,522.271,761.13880.57180.9925.1668.34%

Employers NIC Contribution7,621.19635.10586.25293.12146.5630.124.1911.37%
Salary Package [Cost of Employee]76,631.196,385.935,894.712,947.351,473.68302.8942.11114.37%

1 Percentage expressed in relation to Gross Income [£63,650.00].

2019 Salary Example for £67,000.00 (Planned by Boris Johnson)

£67,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income67,000.005,583.335,153.852,576.921,288.46264.8236.81100.00%
Adjusted Gross Income263,650.005,304.174,896.152,448.081,224.04251.5834.9795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.66%
Company Pension: Employee3,350.00279.17257.69128.8564.4213.241.845.00%
Company Pension: Employer2,010.00167.50154.6277.3138.657.941.103.00%
Taxable Pay51,150.004,262.503,934.621,967.31983.65202.1728.1076.34%
Tax Due [PAYE]10,230.00852.50786.92393.46196.7340.435.6215.27%
National Insurance4,900.52408.38376.96188.4894.2419.372.697.31%
Total Pay Deductions18,480.521,540.041,421.58710.79355.3973.0510.1527.58%
Net Pay48,519.484,043.293,732.271,866.13933.07191.7826.6672.42%

Employers NIC Contribution7,621.19635.10586.25293.12146.5630.124.1911.37%
Salary Package [Cost of Employee]76,631.196,385.935,894.712,947.351,473.68302.8942.11114.37%

1 Percentage expressed in relation to Gross Income [£63,650.00].

2019 Salary Example for £67,000.00 (Suggested by iCalculator)

£67,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income67,000.005,583.335,153.852,576.921,288.46264.8236.81100.00%
Adjusted Gross Income263,650.005,304.174,896.152,448.081,224.04251.5834.9795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4844.78%
Company Pension: Employee3,350.00279.17257.69128.8564.4213.241.845.00%
Company Pension: Employer2,010.00167.50154.6277.3138.657.941.103.00%
Taxable Pay33,650.002,804.172,588.461,294.23647.12133.0018.4950.22%
Tax Due [PAYE]9,460.00788.33727.69363.85181.9237.395.2014.12%
National Insurance4,900.52408.38376.96188.4894.2419.372.697.31%
Total Pay Deductions17,710.521,475.881,362.35681.17340.5970.009.7326.43%
Net Pay49,289.484,107.463,791.501,895.75947.87194.8227.0873.57%

Employers NIC Contribution7,621.19635.10586.25293.12146.5630.124.1911.37%
Salary Package [Cost of Employee]76,631.196,385.935,894.712,947.351,473.68302.8942.11114.37%

1 Percentage expressed in relation to Gross Income [£63,650.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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