Boris Johnson Tax Calculator - £79,000.00 Salary Example (£79K 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 £79,000.00 Salary (£79K Salary). The illustration also includes an overview of a current 2019 salary example for £79,000.00 and an salary example for £79,000.00 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
£79,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay52401.4857411.4855901.48
Difference n/a50103500
Take Home66.33%72.67%70.76%

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: £79,000.00
  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 £79,000.00 (Current)

£79,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income79,000.006,583.336,076.923,038.461,519.23312.2543.41100.00%
Adjusted Gross Income275,050.006,254.175,773.082,886.541,443.27296.6441.2495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8715.82%
Company Pension: Employee3,950.00329.17303.85151.9275.9615.612.175.00%
Company Pension: Employer2,370.00197.50182.3191.1545.589.371.303.00%
Taxable Pay62,550.005,212.504,811.542,405.771,202.88247.2334.3779.18%
Tax Due [PAYE]17,520.001,460.001,347.69673.85336.9269.259.6322.18%
National Insurance5,128.52427.38394.50197.2598.6320.272.826.49%
Total Pay Deductions26,598.522,216.542,046.041,023.02511.51105.1314.6133.67%
Net Pay52,401.484,366.794,030.882,015.441,007.72207.1228.7966.33%

Employers NIC Contribution9,194.39766.20707.26353.63176.8236.345.0511.64%
Salary Package [Cost of Employee]90,564.397,547.036,966.493,483.251,741.62357.9649.76114.64%

1 Percentage expressed in relation to Gross Income [£75,050.00].

2019 Salary Example for £79,000.00 (Planned by Boris Johnson)

£79,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income79,000.006,583.336,076.923,038.461,519.23312.2543.41100.00%
Adjusted Gross Income275,050.006,254.175,773.082,886.541,443.27296.6441.2495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8715.82%
Company Pension: Employee3,950.00329.17303.85151.9275.9615.612.175.00%
Company Pension: Employer2,370.00197.50182.3191.1545.589.371.303.00%
Taxable Pay62,550.005,212.504,811.542,405.771,202.88247.2334.3779.18%
Tax Due [PAYE]12,510.001,042.50962.31481.15240.5849.456.8715.84%
National Insurance5,128.52427.38394.50197.2598.6320.272.826.49%
Total Pay Deductions21,588.521,799.041,660.66830.33415.1685.3311.8627.33%
Net Pay57,411.484,784.294,416.272,208.131,104.07226.9231.5472.67%

Employers NIC Contribution9,194.39766.20707.26353.63176.8236.345.0511.64%
Salary Package [Cost of Employee]90,564.397,547.036,966.493,483.251,741.62357.9649.76114.64%

1 Percentage expressed in relation to Gross Income [£75,050.00].

2019 Salary Example for £79,000.00 (Suggested by iCalculator)

£79,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income79,000.006,583.336,076.923,038.461,519.23312.2543.41100.00%
Adjusted Gross Income275,050.006,254.175,773.082,886.541,443.27296.6441.2495.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4837.97%
Company Pension: Employee3,950.00329.17303.85151.9275.9615.612.175.00%
Company Pension: Employer2,370.00197.50182.3191.1545.589.371.303.00%
Taxable Pay45,050.003,754.173,465.381,732.69866.35178.0624.7557.03%
Tax Due [PAYE]14,020.001,168.331,078.46539.23269.6255.427.7017.75%
National Insurance5,128.52427.38394.50197.2598.6320.272.826.49%
Total Pay Deductions23,098.521,924.881,776.81888.40444.2091.3012.6929.24%
Net Pay55,901.484,658.464,300.112,150.061,075.03220.9530.7270.76%

Employers NIC Contribution9,194.39766.20707.26353.63176.8236.345.0511.64%
Salary Package [Cost of Employee]90,564.397,547.036,966.493,483.251,741.62357.9649.76114.64%

1 Percentage expressed in relation to Gross Income [£75,050.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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