Boris Johnson Tax Calculator - £69,000.00 Salary Example (£69K 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 £69,000.00 Salary (£69K Salary). The illustration also includes an overview of a current 2019 salary example for £69,000.00 and an salary example for £69,000.00 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
£69,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay46891.4850001.4850391.48
Difference n/a31103500
Take Home67.96%72.47%73.03%

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: £69,000.00
  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 £69,000.00 (Current)

£69,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income69,000.005,750.005,307.692,653.851,326.92272.7337.91100.00%
Adjusted Gross Income265,550.005,462.505,042.312,521.151,260.58259.0936.0295.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.12%
Company Pension: Employee3,450.00287.50265.38132.6966.3513.641.905.00%
Company Pension: Employer2,070.00172.50159.2379.6239.818.181.143.00%
Taxable Pay53,050.004,420.834,080.772,040.381,020.19209.6829.1576.88%
Tax Due [PAYE]13,720.001,143.331,055.38527.69263.8554.237.5419.88%
National Insurance4,938.52411.54379.89189.9494.9719.522.717.16%
Total Pay Deductions22,108.521,842.381,700.66850.33425.1687.3912.1532.04%
Net Pay46,891.483,907.623,607.041,803.52901.76185.3425.7667.96%

Employers NIC Contribution7,883.39656.95606.41303.21151.6031.164.3311.43%
Salary Package [Cost of Employee]78,953.396,579.456,073.343,036.671,518.33312.0743.38114.43%

1 Percentage expressed in relation to Gross Income [£65,550.00].

2019 Salary Example for £69,000.00 (Planned by Boris Johnson)

£69,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income69,000.005,750.005,307.692,653.851,326.92272.7337.91100.00%
Adjusted Gross Income265,550.005,462.505,042.312,521.151,260.58259.0936.0295.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8718.12%
Company Pension: Employee3,450.00287.50265.38132.6966.3513.641.905.00%
Company Pension: Employer2,070.00172.50159.2379.6239.818.181.143.00%
Taxable Pay53,050.004,420.834,080.772,040.381,020.19209.6829.1576.88%
Tax Due [PAYE]10,610.00884.17816.15408.08204.0441.945.8315.38%
National Insurance4,938.52411.54379.89189.9494.9719.522.717.16%
Total Pay Deductions18,998.521,583.211,461.42730.71365.3675.0910.4427.53%
Net Pay50,001.484,166.793,846.271,923.13961.57197.6327.4772.47%

Employers NIC Contribution7,883.39656.95606.41303.21151.6031.164.3311.43%
Salary Package [Cost of Employee]78,953.396,579.456,073.343,036.671,518.33312.0743.38114.43%

1 Percentage expressed in relation to Gross Income [£65,550.00].

2019 Salary Example for £69,000.00 (Suggested by iCalculator)

£69,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income69,000.005,750.005,307.692,653.851,326.92272.7337.91100.00%
Adjusted Gross Income265,550.005,462.505,042.312,521.151,260.58259.0936.0295.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4843.48%
Company Pension: Employee3,450.00287.50265.38132.6966.3513.641.905.00%
Company Pension: Employer2,070.00172.50159.2379.6239.818.181.143.00%
Taxable Pay35,550.002,962.502,734.621,367.31683.65140.5119.5351.52%
Tax Due [PAYE]10,220.00851.67786.15393.08196.5440.405.6214.81%
National Insurance4,938.52411.54379.89189.9494.9719.522.717.16%
Total Pay Deductions18,608.521,550.711,431.42715.71357.8673.5510.2226.97%
Net Pay50,391.484,199.293,876.271,938.13969.07199.1827.6973.03%

Employers NIC Contribution7,883.39656.95606.41303.21151.6031.164.3311.43%
Salary Package [Cost of Employee]78,953.396,579.456,073.343,036.671,518.33312.0743.38114.43%

1 Percentage expressed in relation to Gross Income [£65,550.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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