Menu
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 2023 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.
| What | Current (2019) | Boris £80k Higher Rate Threshold | iCalculator™ £30k Personal Allowance |
|---|---|---|---|
| Net Pay | 47062.44 | 53401.48 | 43901.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 59.57% | 67.60% | 55.57% |
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: £ 79,000.00
- 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 £ 79,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 79,000.00 | 6,583.33 | 6,076.92 | 3,038.46 | 1,519.23 | 312.25 | 43.41 | 100.00% |
| Adjusted Gross Income2 | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Company Pension: Employee | 3,950.00 | 329.17 | 303.85 | 151.92 | 75.96 | 15.61 | 2.17 | 5.00% |
| Company Pension: Employer | 2,370.00 | 197.50 | 182.31 | 91.15 | 45.58 | 9.37 | 1.30 | 3.00% |
| Taxable Pay | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Tax Due [PAYE] | 22,520.00 | 1,876.67 | 1,732.31 | 866.15 | 433.08 | 89.01 | 12.37 | 28.51% |
| National Insurance | 5,467.56 | 455.63 | 420.58 | 210.29 | 105.15 | 21.61 | 3.00 | 6.92% |
| Total Pay Deductions | 31,937.56 | 2,661.46 | 2,456.74 | 1,228.37 | 614.18 | 126.24 | 17.55 | 40.43% |
| Net Pay | 47,062.44 | 3,921.87 | 3,620.19 | 1,810.09 | 905.05 | 186.02 | 25.86 | 59.57% |
| Employers NIC Contribution | 9,165.68 | 763.81 | 705.05 | 352.53 | 176.26 | 36.23 | 5.04 | 11.60% |
| Salary Package [Cost of Employee] | 90,535.68 | 7,544.64 | 6,964.28 | 3,482.14 | 1,741.07 | 357.85 | 49.74 | 114.60% |
1 Percentage expressed in relation to Gross Income [£ 75,050.00].
Please provide a rating, it takes seconds and helps us to keep this resource free for all to use
2023 Salary Example for £ 79,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 79,000.00 | 6,583.33 | 6,076.92 | 3,038.46 | 1,519.23 | 312.25 | 43.41 | 100.00% |
| Adjusted Gross Income2 | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Company Pension: Employee | 3,950.00 | 329.17 | 303.85 | 151.92 | 75.96 | 15.61 | 2.17 | 5.00% |
| Company Pension: Employer | 2,370.00 | 197.50 | 182.31 | 91.15 | 45.58 | 9.37 | 1.30 | 3.00% |
| Taxable Pay | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Tax Due [PAYE] | 16,520.00 | 1,376.67 | 1,270.77 | 635.38 | 317.69 | 65.30 | 9.08 | 20.91% |
| National Insurance | 5,128.52 | 427.38 | 394.50 | 197.25 | 98.63 | 20.27 | 2.82 | 6.49% |
| Total Pay Deductions | 25,598.52 | 2,133.21 | 1,969.12 | 984.56 | 492.28 | 101.18 | 14.07 | 32.40% |
| Net Pay | 53,401.48 | 4,450.12 | 4,107.81 | 2,053.90 | 1,026.95 | 211.07 | 29.34 | 67.60% |
| Employers NIC Contribution | 9,194.39 | 766.20 | 707.26 | 353.63 | 176.82 | 36.34 | 5.05 | 11.64% |
| Salary Package [Cost of Employee] | 90,564.39 | 7,547.03 | 6,966.49 | 3,483.25 | 1,741.62 | 357.96 | 49.76 | 114.64% |
1 Percentage expressed in relation to Gross Income [£ 75,050.00].
2023 Salary Example for £ 79,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 79,000.00 | 6,583.33 | 6,076.92 | 3,038.46 | 1,519.23 | 312.25 | 43.41 | 100.00% |
| Adjusted Gross Income2 | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Company Pension: Employee | 3,950.00 | 329.17 | 303.85 | 151.92 | 75.96 | 15.61 | 2.17 | 5.00% |
| Company Pension: Employer | 2,370.00 | 197.50 | 182.31 | 91.15 | 45.58 | 9.37 | 1.30 | 3.00% |
| Taxable Pay | 75,050.00 | 6,254.17 | 5,773.08 | 2,886.54 | 1,443.27 | 296.64 | 41.24 | 95.00% |
| Tax Due [PAYE] | 26,020.00 | 2,168.33 | 2,001.54 | 1,000.77 | 500.38 | 102.85 | 14.30 | 32.94% |
| National Insurance | 5,128.52 | 427.38 | 394.50 | 197.25 | 98.63 | 20.27 | 2.82 | 6.49% |
| Total Pay Deductions | 35,098.52 | 2,924.88 | 2,699.89 | 1,349.94 | 674.97 | 138.73 | 19.28 | 44.43% |
| Net Pay | 43,901.48 | 3,658.46 | 3,377.04 | 1,688.52 | 844.26 | 173.52 | 24.12 | 55.57% |
| Employers NIC Contribution | 9,194.39 | 766.20 | 707.26 | 353.63 | 176.82 | 36.34 | 5.05 | 11.64% |
| Salary Package [Cost of Employee] | 90,564.39 | 7,547.03 | 6,966.49 | 3,483.25 | 1,741.62 | 357.96 | 49.76 | 114.64% |
1 Percentage expressed in relation to Gross Income [£ 75,050.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
Join the Discussion on Facebook, share your thoughts and feelings on Boris' plan.