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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 2023 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 41552.44 | 47501.48 | 38391.48 |
| Difference | n/a | 5949.04 | -3160.96 |
| Take Home | 60.22% | 68.84% | 55.64% |
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:
- Annual Salary before tax: £ 69,000.00
- The individual is part of a company pension scheme
- An Employer Pension Contribution of 5% has been applied
- An Employee Pension Contribution of 3% has been applied
- A standard tax code has been used
- Salary is calculated over a full tax year
- There are no salary sacrifice options included
- There are no special National Insurance Contibutions rules /exemptions (Employer or Employee)
2023 Salary Example for £ 69,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 69,000.00 | 5,750.00 | 5,307.69 | 2,653.85 | 1,326.92 | 272.73 | 37.91 | 100.00% |
| Adjusted Gross Income2 | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Company Pension: Employee | 3,450.00 | 287.50 | 265.38 | 132.69 | 66.35 | 13.64 | 1.90 | 5.00% |
| Company Pension: Employer | 2,070.00 | 172.50 | 159.23 | 79.62 | 39.81 | 8.18 | 1.14 | 3.00% |
| Taxable Pay | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Tax Due [PAYE] | 18,720.00 | 1,560.00 | 1,440.00 | 720.00 | 360.00 | 73.99 | 10.29 | 27.13% |
| National Insurance | 5,277.56 | 439.80 | 405.97 | 202.98 | 101.49 | 20.86 | 2.90 | 7.65% |
| Total Pay Deductions | 27,447.56 | 2,287.30 | 2,111.35 | 1,055.68 | 527.84 | 108.49 | 15.08 | 39.78% |
| Net Pay | 41,552.44 | 3,462.70 | 3,196.34 | 1,598.17 | 799.09 | 164.24 | 22.83 | 60.22% |
| Employers NIC Contribution | 7,854.68 | 654.56 | 604.21 | 302.10 | 151.05 | 31.05 | 4.32 | 11.38% |
| Salary Package [Cost of Employee] | 78,924.68 | 6,577.06 | 6,071.13 | 3,035.56 | 1,517.78 | 311.96 | 43.37 | 114.38% |
1 Percentage expressed in relation to Gross Income [£ 65,550.00].
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2023 Salary Example for £ 69,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 69,000.00 | 5,750.00 | 5,307.69 | 2,653.85 | 1,326.92 | 272.73 | 37.91 | 100.00% |
| Adjusted Gross Income2 | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Company Pension: Employee | 3,450.00 | 287.50 | 265.38 | 132.69 | 66.35 | 13.64 | 1.90 | 5.00% |
| Company Pension: Employer | 2,070.00 | 172.50 | 159.23 | 79.62 | 39.81 | 8.18 | 1.14 | 3.00% |
| Taxable Pay | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Tax Due [PAYE] | 13,110.00 | 1,092.50 | 1,008.46 | 504.23 | 252.12 | 51.82 | 7.20 | 19.00% |
| National Insurance | 4,938.52 | 411.54 | 379.89 | 189.94 | 94.97 | 19.52 | 2.71 | 7.16% |
| Total Pay Deductions | 21,498.52 | 1,791.54 | 1,653.73 | 826.87 | 413.43 | 84.97 | 11.81 | 31.16% |
| Net Pay | 47,501.48 | 3,958.46 | 3,653.96 | 1,826.98 | 913.49 | 187.75 | 26.10 | 68.84% |
| Employers NIC Contribution | 7,883.39 | 656.95 | 606.41 | 303.21 | 151.60 | 31.16 | 4.33 | 11.43% |
| Salary Package [Cost of Employee] | 78,953.39 | 6,579.45 | 6,073.34 | 3,036.67 | 1,518.33 | 312.07 | 43.38 | 114.43% |
1 Percentage expressed in relation to Gross Income [£ 65,550.00].
2023 Salary Example for £ 69,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 69,000.00 | 5,750.00 | 5,307.69 | 2,653.85 | 1,326.92 | 272.73 | 37.91 | 100.00% |
| Adjusted Gross Income2 | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Company Pension: Employee | 3,450.00 | 287.50 | 265.38 | 132.69 | 66.35 | 13.64 | 1.90 | 5.00% |
| Company Pension: Employer | 2,070.00 | 172.50 | 159.23 | 79.62 | 39.81 | 8.18 | 1.14 | 3.00% |
| Taxable Pay | 65,550.00 | 5,462.50 | 5,042.31 | 2,521.15 | 1,260.58 | 259.09 | 36.02 | 95.00% |
| Tax Due [PAYE] | 22,220.00 | 1,851.67 | 1,709.23 | 854.62 | 427.31 | 87.83 | 12.21 | 32.20% |
| National Insurance | 4,938.52 | 411.54 | 379.89 | 189.94 | 94.97 | 19.52 | 2.71 | 7.16% |
| Total Pay Deductions | 30,608.52 | 2,550.71 | 2,354.50 | 1,177.25 | 588.63 | 120.98 | 16.82 | 44.36% |
| Net Pay | 38,391.48 | 3,199.29 | 2,953.19 | 1,476.60 | 738.30 | 151.74 | 21.09 | 55.64% |
| Employers NIC Contribution | 7,883.39 | 656.95 | 606.41 | 303.21 | 151.60 | 31.16 | 4.33 | 11.43% |
| Salary Package [Cost of Employee] | 78,953.39 | 6,579.45 | 6,073.34 | 3,036.67 | 1,518.33 | 312.07 | 43.38 | 114.43% |
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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