Boris Johnson Tax Calculator - £75,000.00 Salary Example (£75K 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 £75,000.00 Salary (£75K Salary). The illustration also includes an overview of a current 2019 salary example for £75,000.00 and an salary example for £75,000.00 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
£75,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay50197.4854447.4853697.48
Difference n/a42503500
Take Home66.93%72.60%71.60%

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: £75,000.00
  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 £75,000.00 (Current)

£75,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income75,000.006,250.005,769.232,884.621,442.31296.4441.21100.00%
Adjusted Gross Income271,250.005,937.505,480.772,740.381,370.19281.6239.1595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.67%
Company Pension: Employee3,750.00312.50288.46144.2372.1214.822.065.00%
Company Pension: Employer2,250.00187.50173.0886.5443.278.891.243.00%
Taxable Pay58,750.004,895.834,519.232,259.621,129.81232.2132.2878.33%
Tax Due [PAYE]16,000.001,333.331,230.77615.38307.6963.248.7921.33%
National Insurance5,052.52421.04388.66194.3397.1619.972.786.74%
Total Pay Deductions24,802.522,066.881,907.89953.94476.9798.0313.6333.07%
Net Pay50,197.484,183.123,861.341,930.67965.34198.4127.5866.93%

Employers NIC Contribution8,669.99722.50666.92333.46166.7334.274.7611.56%
Salary Package [Cost of Employee]85,919.997,160.006,609.233,304.611,652.31339.6047.21114.56%

1 Percentage expressed in relation to Gross Income [£71,250.00].

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2019 Salary Example for £75,000.00 (Planned by Boris Johnson)

£75,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income75,000.006,250.005,769.232,884.621,442.31296.4441.21100.00%
Adjusted Gross Income271,250.005,937.505,480.772,740.381,370.19281.6239.1595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.67%
Company Pension: Employee3,750.00312.50288.46144.2372.1214.822.065.00%
Company Pension: Employer2,250.00187.50173.0886.5443.278.891.243.00%
Taxable Pay58,750.004,895.834,519.232,259.621,129.81232.2132.2878.33%
Tax Due [PAYE]11,750.00979.17903.85451.92225.9646.446.4615.67%
National Insurance5,052.52421.04388.66194.3397.1619.972.786.74%
Total Pay Deductions20,552.521,712.711,580.96790.48395.2481.2411.2927.40%
Net Pay54,447.484,537.294,188.272,094.131,047.07215.2129.9272.60%

Employers NIC Contribution8,669.99722.50666.92333.46166.7334.274.7611.56%
Salary Package [Cost of Employee]85,919.997,160.006,609.233,304.611,652.31339.6047.21114.56%

1 Percentage expressed in relation to Gross Income [£71,250.00].

2019 Salary Example for £75,000.00 (Suggested by iCalculator)

£75,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income75,000.006,250.005,769.232,884.621,442.31296.4441.21100.00%
Adjusted Gross Income271,250.005,937.505,480.772,740.381,370.19281.6239.1595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4840.00%
Company Pension: Employee3,750.00312.50288.46144.2372.1214.822.065.00%
Company Pension: Employer2,250.00187.50173.0886.5443.278.891.243.00%
Taxable Pay41,250.003,437.503,173.081,586.54793.27163.0422.6655.00%
Tax Due [PAYE]12,500.001,041.67961.54480.77240.3849.416.8716.67%
National Insurance5,052.52421.04388.66194.3397.1619.972.786.74%
Total Pay Deductions21,302.521,775.211,638.66819.33409.6684.2011.7028.40%
Net Pay53,697.484,474.794,130.582,065.291,032.64212.2429.5071.60%

Employers NIC Contribution8,669.99722.50666.92333.46166.7334.274.7611.56%
Salary Package [Cost of Employee]85,919.997,160.006,609.233,304.611,652.31339.6047.21114.56%

1 Percentage expressed in relation to Gross Income [£71,250.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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