Boris Johnson Tax Calculator - £84,000.00 Salary Example (£84K 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 £84,000.00 Salary (£84K Salary). The illustration also includes an overview of a current 2019 salary example for £84,000.00 and an salary example for £84,000.00 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
£84,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay54817.4461116.4858656.48
Difference n/a6299.043839.04
Take Home65.26%72.76%69.83%

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: £84,000.00
  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 £84,000.00 (Current)

£84,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income84,000.007,000.006,461.543,230.771,615.38332.0246.15100.00%
Adjusted Gross Income279,800.006,650.006,138.463,069.231,534.62315.4243.8595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.88%
Company Pension: Employee4,200.00350.00323.08161.5480.7716.602.315.00%
Company Pension: Employer2,520.00210.00193.8596.9248.469.961.383.00%
Taxable Pay67,300.005,608.335,176.922,588.461,294.23266.0136.9880.12%
Tax Due [PAYE]19,420.001,618.331,493.85746.92373.4676.7610.6723.12%
National Insurance5,562.56463.55427.89213.94106.9721.993.066.62%
Total Pay Deductions29,182.562,431.882,244.811,122.41561.20115.3516.0334.74%
Net Pay54,817.444,568.124,216.732,108.361,054.18216.6730.1265.26%

Employers NIC Contribution9,821.18818.43755.48377.74188.8738.825.4011.69%
Salary Package [Cost of Employee]96,341.188,028.437,410.863,705.431,852.72380.8052.93114.69%

1 Percentage expressed in relation to Gross Income [£79,800.00].

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2019 Salary Example for £84,000.00 (Planned by Boris Johnson)

£84,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income84,000.007,000.006,461.543,230.771,615.38332.0246.15100.00%
Adjusted Gross Income279,800.006,650.006,138.463,069.231,534.62315.4243.8595.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.88%
Company Pension: Employee4,200.00350.00323.08161.5480.7716.602.315.00%
Company Pension: Employer2,520.00210.00193.8596.9248.469.961.383.00%
Taxable Pay67,300.005,608.335,176.922,588.461,294.23266.0136.9880.12%
Tax Due [PAYE]13,460.001,121.671,035.38517.69258.8553.207.4016.02%
National Insurance5,223.52435.29401.81200.90100.4520.652.876.22%
Total Pay Deductions22,883.521,906.961,760.27880.14440.0790.4512.5727.24%
Net Pay61,116.485,093.044,701.272,350.631,175.32241.5733.5872.76%

Employers NIC Contribution9,849.89820.82757.68378.84189.4238.935.4111.73%
Salary Package [Cost of Employee]96,369.898,030.827,413.073,706.531,853.27380.9152.95114.73%

1 Percentage expressed in relation to Gross Income [£79,800.00].

2019 Salary Example for £84,000.00 (Suggested by iCalculator)

£84,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income84,000.007,000.006,461.543,230.771,615.38332.0246.15100.00%
Adjusted Gross Income279,800.006,650.006,138.463,069.231,534.62315.4243.8595.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4835.71%
Company Pension: Employee4,200.00350.00323.08161.5480.7716.602.315.00%
Company Pension: Employer2,520.00210.00193.8596.9248.469.961.383.00%
Taxable Pay49,800.004,150.003,830.771,915.38957.69196.8427.3659.29%
Tax Due [PAYE]15,920.001,326.671,224.62612.31306.1562.928.7518.95%
National Insurance5,223.52435.29401.81200.90100.4520.652.876.22%
Total Pay Deductions25,343.522,111.961,949.50974.75487.38100.1713.9330.17%
Net Pay58,656.484,888.044,512.042,256.021,128.01231.8432.2369.83%

Employers NIC Contribution9,849.89820.82757.68378.84189.4238.935.4111.73%
Salary Package [Cost of Employee]96,369.898,030.827,413.073,706.531,853.27380.9152.95114.73%

1 Percentage expressed in relation to Gross Income [£79,800.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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