Boris Johnson Tax Calculator - £78,000.00 Salary Example (£78K 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 £78,000.00 Salary (£78K Salary). The illustration also includes an overview of a current 2019 salary example for £78,000.00 and an salary example for £78,000.00 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
£78,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay51511.4456670.4855350.48
Difference n/a5159.043839.04
Take Home66.04%72.65%70.96%

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: £78,000.00
  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 £78,000.00 (Current)

£78,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income78,000.006,500.006,000.003,000.001,500.00308.3042.86100.00%
Adjusted Gross Income274,100.006,175.005,700.002,850.001,425.00292.8940.7195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.03%
Company Pension: Employee3,900.00325.00300.00150.0075.0015.422.145.00%
Company Pension: Employer2,340.00195.00180.0090.0045.009.251.293.00%
Taxable Pay61,600.005,133.334,738.462,369.231,184.62243.4833.8578.97%
Tax Due [PAYE]17,140.001,428.331,318.46659.23329.6267.759.4221.97%
National Insurance5,448.56454.05419.12209.56104.7821.542.996.99%
Total Pay Deductions26,488.562,207.382,037.581,018.79509.40104.7014.5533.96%
Net Pay51,511.444,292.623,962.421,981.21990.60203.6028.3066.04%

Employers NIC Contribution9,034.58752.88694.97347.48173.7435.714.9611.58%
Salary Package [Cost of Employee]89,374.587,447.886,874.973,437.481,718.74353.2649.11114.58%

1 Percentage expressed in relation to Gross Income [£74,100.00].

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2019 Salary Example for £78,000.00 (Planned by Boris Johnson)

£78,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income78,000.006,500.006,000.003,000.001,500.00308.3042.86100.00%
Adjusted Gross Income274,100.006,175.005,700.002,850.001,425.00292.8940.7195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8716.03%
Company Pension: Employee3,900.00325.00300.00150.0075.0015.422.145.00%
Company Pension: Employer2,340.00195.00180.0090.0045.009.251.293.00%
Taxable Pay61,600.005,133.334,738.462,369.231,184.62243.4833.8578.97%
Tax Due [PAYE]12,320.001,026.67947.69473.85236.9248.706.7715.79%
National Insurance5,109.52425.79393.04196.5298.2620.202.816.55%
Total Pay Deductions21,329.521,777.461,640.73820.37410.1884.3111.7227.35%
Net Pay56,670.484,722.544,359.272,179.631,089.82223.9931.1472.65%

Employers NIC Contribution9,063.29755.27697.18348.59174.2935.824.9811.62%
Salary Package [Cost of Employee]89,403.297,450.276,877.183,438.591,719.29353.3749.12114.62%

1 Percentage expressed in relation to Gross Income [£74,100.00].

2019 Salary Example for £78,000.00 (Suggested by iCalculator)

£78,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income78,000.006,500.006,000.003,000.001,500.00308.3042.86100.00%
Adjusted Gross Income274,100.006,175.005,700.002,850.001,425.00292.8940.7195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4838.46%
Company Pension: Employee3,900.00325.00300.00150.0075.0015.422.145.00%
Company Pension: Employer2,340.00195.00180.0090.0045.009.251.293.00%
Taxable Pay44,100.003,675.003,392.311,696.15848.08174.3124.2356.54%
Tax Due [PAYE]13,640.001,136.671,049.23524.62262.3153.917.4917.49%
National Insurance5,109.52425.79393.04196.5298.2620.202.816.55%
Total Pay Deductions22,649.521,887.461,742.27871.14435.5789.5212.4429.04%
Net Pay55,350.484,612.544,257.732,128.861,064.43218.7830.4170.96%

Employers NIC Contribution9,063.29755.27697.18348.59174.2935.824.9811.62%
Salary Package [Cost of Employee]89,403.297,450.276,877.183,438.591,719.29353.3749.12114.62%

1 Percentage expressed in relation to Gross Income [£74,100.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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