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Boris Johnson Tax Calculator - £ 80,000.00 Salary Example (£80K 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 £ 80,000.00 Salary (£80K Salary). The illustration also includes an overview of a current 2023 salary example for £ 80,000.00 and an salary example for £ 80,000.00 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 | 47613.44 | 53952.48 | 44452.48 |
| Difference | n/a | 6339.04 | -3160.96 |
| Take Home | 59.52% | 67.44% | 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: £ 80,000.00
- 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 £ 80,000.00 (Current)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 80,000.00 | 6,666.67 | 6,153.85 | 3,076.92 | 1,538.46 | 316.21 | 43.96 | 100.00% |
| Adjusted Gross Income2 | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Company Pension: Employee | 4,000.00 | 333.33 | 307.69 | 153.85 | 76.92 | 15.81 | 2.20 | 5.00% |
| Company Pension: Employer | 2,400.00 | 200.00 | 184.62 | 92.31 | 46.15 | 9.49 | 1.32 | 3.00% |
| Taxable Pay | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Tax Due [PAYE] | 22,900.00 | 1,908.33 | 1,761.54 | 880.77 | 440.38 | 90.51 | 12.58 | 28.63% |
| National Insurance | 5,486.56 | 457.21 | 422.04 | 211.02 | 105.51 | 21.69 | 3.01 | 6.86% |
| Total Pay Deductions | 32,386.56 | 2,698.88 | 2,491.27 | 1,245.64 | 622.82 | 128.01 | 17.79 | 40.48% |
| Net Pay | 47,613.44 | 3,967.79 | 3,662.57 | 1,831.29 | 915.64 | 188.20 | 26.16 | 59.52% |
| Employers NIC Contribution | 9,296.78 | 774.73 | 715.14 | 357.57 | 178.78 | 36.75 | 5.11 | 11.62% |
| Salary Package [Cost of Employee] | 91,696.78 | 7,641.40 | 7,053.60 | 3,526.80 | 1,763.40 | 362.44 | 50.38 | 114.62% |
1 Percentage expressed in relation to Gross Income [£ 76,000.00].
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2023 Salary Example for £ 80,000.00 (Planned by Boris Johnson)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 80,000.00 | 6,666.67 | 6,153.85 | 3,076.92 | 1,538.46 | 316.21 | 43.96 | 100.00% |
| Adjusted Gross Income2 | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Company Pension: Employee | 4,000.00 | 333.33 | 307.69 | 153.85 | 76.92 | 15.81 | 2.20 | 5.00% |
| Company Pension: Employer | 2,400.00 | 200.00 | 184.62 | 92.31 | 46.15 | 9.49 | 1.32 | 3.00% |
| Taxable Pay | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Tax Due [PAYE] | 16,900.00 | 1,408.33 | 1,300.00 | 650.00 | 325.00 | 66.80 | 9.29 | 21.13% |
| National Insurance | 5,147.52 | 428.96 | 395.96 | 197.98 | 98.99 | 20.35 | 2.83 | 6.43% |
| Total Pay Deductions | 26,047.52 | 2,170.63 | 2,003.66 | 1,001.83 | 500.91 | 102.95 | 14.31 | 32.56% |
| Net Pay | 53,952.48 | 4,496.04 | 4,150.19 | 2,075.10 | 1,037.55 | 213.25 | 29.64 | 67.44% |
| Employers NIC Contribution | 9,325.49 | 777.12 | 717.35 | 358.67 | 179.34 | 36.86 | 5.12 | 11.66% |
| Salary Package [Cost of Employee] | 91,725.49 | 7,643.79 | 7,055.81 | 3,527.90 | 1,763.95 | 362.55 | 50.40 | 114.66% |
1 Percentage expressed in relation to Gross Income [£ 76,000.00].
2023 Salary Example for £ 80,000.00 (Suggested by iCalculator)
| Yearly | Monthly | 4 Weekly | 2 Weekly | Weekly | Daily | Hourly | %1 | |
|---|---|---|---|---|---|---|---|---|
| Gross Income | 80,000.00 | 6,666.67 | 6,153.85 | 3,076.92 | 1,538.46 | 316.21 | 43.96 | 100.00% |
| Adjusted Gross Income2 | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Company Pension: Employee | 4,000.00 | 333.33 | 307.69 | 153.85 | 76.92 | 15.81 | 2.20 | 5.00% |
| Company Pension: Employer | 2,400.00 | 200.00 | 184.62 | 92.31 | 46.15 | 9.49 | 1.32 | 3.00% |
| Taxable Pay | 76,000.00 | 6,333.33 | 5,846.15 | 2,923.08 | 1,461.54 | 300.40 | 41.76 | 95.00% |
| Tax Due [PAYE] | 26,400.00 | 2,200.00 | 2,030.77 | 1,015.38 | 507.69 | 104.35 | 14.51 | 33.00% |
| National Insurance | 5,147.52 | 428.96 | 395.96 | 197.98 | 98.99 | 20.35 | 2.83 | 6.43% |
| Total Pay Deductions | 35,547.52 | 2,962.29 | 2,734.42 | 1,367.21 | 683.61 | 140.50 | 19.53 | 44.43% |
| Net Pay | 44,452.48 | 3,704.37 | 3,419.42 | 1,709.71 | 854.86 | 175.70 | 24.42 | 55.57% |
| Employers NIC Contribution | 9,325.49 | 777.12 | 717.35 | 358.67 | 179.34 | 36.86 | 5.12 | 11.66% |
| Salary Package [Cost of Employee] | 91,725.49 | 7,643.79 | 7,055.81 | 3,527.90 | 1,763.95 | 362.55 | 50.40 | 114.66% |
1 Percentage expressed in relation to Gross Income [£ 76,000.00].
Further Reading
Boris Johnsons Plan for changes to the Higher Rate Tax Threshold
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