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 2019 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.

Boris Johnson tax Calculator
£80,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay52613.4458152.4856452.48
Difference n/a5539.043839.04
Take Home65.77%72.69%70.57%

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:

  1. Annual Salary before tax: £80,000.00
  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 £80,000.00 (Current)

£80,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income80,000.006,666.676,153.853,076.921,538.46316.2143.96100.00%
Adjusted Gross Income276,000.006,333.335,846.152,923.081,461.54300.4041.7695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8715.63%
Company Pension: Employee4,000.00333.33307.69153.8576.9215.812.205.00%
Company Pension: Employer2,400.00200.00184.6292.3146.159.491.323.00%
Taxable Pay63,500.005,291.674,884.622,442.311,221.15250.9934.8979.38%
Tax Due [PAYE]17,900.001,491.671,376.92688.46344.2370.759.8422.38%
National Insurance5,486.56457.21422.04211.02105.5121.693.016.86%
Total Pay Deductions27,386.562,282.212,106.661,053.33526.66108.2515.0534.23%
Net Pay52,613.444,384.454,047.192,023.591,011.80207.9628.9165.77%

Employers NIC Contribution9,296.78774.73715.14357.57178.7836.755.1111.62%
Salary Package [Cost of Employee]91,696.787,641.407,053.603,526.801,763.40362.4450.38114.62%

1 Percentage expressed in relation to Gross Income [£76,000.00].

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2019 Salary Example for £80,000.00 (Planned by Boris Johnson)

£80,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income80,000.006,666.676,153.853,076.921,538.46316.2143.96100.00%
Adjusted Gross Income276,000.006,333.335,846.152,923.081,461.54300.4041.7695.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8715.63%
Company Pension: Employee4,000.00333.33307.69153.8576.9215.812.205.00%
Company Pension: Employer2,400.00200.00184.6292.3146.159.491.323.00%
Taxable Pay63,500.005,291.674,884.622,442.311,221.15250.9934.8979.38%
Tax Due [PAYE]12,700.001,058.33976.92488.46244.2350.206.9815.88%
National Insurance5,147.52428.96395.96197.9898.9920.352.836.43%
Total Pay Deductions21,847.521,820.631,680.58840.29420.1486.3512.0027.31%
Net Pay58,152.484,846.044,473.272,236.631,118.32229.8531.9572.69%

Employers NIC Contribution9,325.49777.12717.35358.67179.3436.865.1211.66%
Salary Package [Cost of Employee]91,725.497,643.797,055.813,527.901,763.95362.5550.40114.66%

1 Percentage expressed in relation to Gross Income [£76,000.00].

2019 Salary Example for £80,000.00 (Suggested by iCalculator)

£80,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income80,000.006,666.676,153.853,076.921,538.46316.2143.96100.00%
Adjusted Gross Income276,000.006,333.335,846.152,923.081,461.54300.4041.7695.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4837.50%
Company Pension: Employee4,000.00333.33307.69153.8576.9215.812.205.00%
Company Pension: Employer2,400.00200.00184.6292.3146.159.491.323.00%
Taxable Pay46,000.003,833.333,538.461,769.23884.62181.8225.2757.50%
Tax Due [PAYE]14,400.001,200.001,107.69553.85276.9256.927.9118.00%
National Insurance5,147.52428.96395.96197.9898.9920.352.836.43%
Total Pay Deductions23,547.521,962.291,811.35905.67452.8493.0712.9429.43%
Net Pay56,452.484,704.374,342.502,171.251,085.62223.1331.0270.57%

Employers NIC Contribution9,325.49777.12717.35358.67179.3436.865.1211.66%
Salary Package [Cost of Employee]91,725.497,643.797,055.813,527.901,763.95362.5550.40114.66%

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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