Boris Johnson Tax Calculator - £77,000.00 Salary Example (£77K 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 £77,000.00 Salary (£77K Salary). The illustration also includes an overview of a current 2019 salary example for £77,000.00 and an salary example for £77,000.00 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
£77,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay50960.4455929.4854799.48
Difference n/a4969.043839.04
Take Home66.18%72.64%71.17%

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: £77,000.00
  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 £77,000.00 (Current)

£77,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income77,000.006,416.675,923.082,961.541,480.77304.3542.31100.00%
Adjusted Gross Income273,150.006,095.835,626.922,813.461,406.73289.1340.1995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.23%
Company Pension: Employee3,850.00320.83296.15148.0874.0415.222.125.00%
Company Pension: Employer2,310.00192.50177.6988.8544.429.131.273.00%
Taxable Pay60,650.005,054.174,665.382,332.691,166.35239.7233.3278.77%
Tax Due [PAYE]16,760.001,396.671,289.23644.62322.3166.259.2121.77%
National Insurance5,429.56452.46417.66208.83104.4121.462.987.05%
Total Pay Deductions26,039.562,169.962,003.041,001.52500.76102.9214.3133.82%
Net Pay50,960.444,246.703,920.031,960.02980.01201.4228.0066.18%

Employers NIC Contribution8,903.48741.96684.88342.44171.2235.194.8911.56%
Salary Package [Cost of Employee]88,213.487,351.126,785.653,392.831,696.41348.6748.47114.56%

1 Percentage expressed in relation to Gross Income [£73,150.00].

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2019 Salary Example for £77,000.00 (Planned by Boris Johnson)

£77,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income77,000.006,416.675,923.082,961.541,480.77304.3542.31100.00%
Adjusted Gross Income273,150.006,095.835,626.922,813.461,406.73289.1340.1995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.23%
Company Pension: Employee3,850.00320.83296.15148.0874.0415.222.125.00%
Company Pension: Employer2,310.00192.50177.6988.8544.429.131.273.00%
Taxable Pay60,650.005,054.174,665.382,332.691,166.35239.7233.3278.77%
Tax Due [PAYE]12,130.001,010.83933.08466.54233.2747.946.6615.75%
National Insurance5,090.52424.21391.58195.7997.8920.122.806.61%
Total Pay Deductions21,070.521,755.881,620.81810.40405.2083.2811.5827.36%
Net Pay55,929.484,660.794,302.272,151.131,075.57221.0730.7372.64%

Employers NIC Contribution8,932.19744.35687.09343.55171.7735.314.9111.60%
Salary Package [Cost of Employee]88,242.197,353.526,787.863,393.931,696.97348.7848.48114.60%

1 Percentage expressed in relation to Gross Income [£73,150.00].

2019 Salary Example for £77,000.00 (Suggested by iCalculator)

£77,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income77,000.006,416.675,923.082,961.541,480.77304.3542.31100.00%
Adjusted Gross Income273,150.006,095.835,626.922,813.461,406.73289.1340.1995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4838.96%
Company Pension: Employee3,850.00320.83296.15148.0874.0415.222.125.00%
Company Pension: Employer2,310.00192.50177.6988.8544.429.131.273.00%
Taxable Pay43,150.003,595.833,319.231,659.62829.81170.5523.7156.04%
Tax Due [PAYE]13,260.001,105.001,020.00510.00255.0052.417.2917.22%
National Insurance5,090.52424.21391.58195.7997.8920.122.806.61%
Total Pay Deductions22,200.521,850.041,707.73853.87426.9387.7512.2028.83%
Net Pay54,799.484,566.624,215.342,107.671,053.84216.6030.1171.17%

Employers NIC Contribution8,932.19744.35687.09343.55171.7735.314.9111.60%
Salary Package [Cost of Employee]88,242.197,353.526,787.863,393.931,696.97348.7848.48114.60%

1 Percentage expressed in relation to Gross Income [£73,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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