Boris Johnson Tax Calculator - £85,000.00 Salary Example (£85K 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 £85,000.00 Salary (£85K Salary). The illustration also includes an overview of a current 2019 salary example for £85,000.00 and an salary example for £85,000.00 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
£85,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay55707.4861707.4859207.48
Difference n/a60003500
Take Home65.54%72.60%69.66%

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: £85,000.00
  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 £85,000.00 (Current)

£85,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income85,000.007,083.336,538.463,269.231,634.62335.9746.70100.00%
Adjusted Gross Income280,750.006,729.176,211.543,105.771,552.88319.1744.3795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.71%
Company Pension: Employee4,250.00354.17326.92163.4681.7316.802.345.00%
Company Pension: Employer2,550.00212.50196.1598.0849.0410.081.403.00%
Taxable Pay68,250.005,687.505,250.002,625.001,312.50269.7637.5080.29%
Tax Due [PAYE]19,800.001,650.001,523.08761.54380.7778.2610.8823.29%
National Insurance5,242.52436.88403.27201.64100.8220.722.886.17%
Total Pay Deductions29,292.522,441.042,253.271,126.64563.32115.7816.0934.46%
Net Pay55,707.484,642.294,285.192,142.601,071.30220.1930.6165.54%

Employers NIC Contribution9,980.99831.75767.77383.88191.9439.455.4811.74%
Salary Package [Cost of Employee]97,530.998,127.587,502.383,751.191,875.60385.5053.59114.74%

1 Percentage expressed in relation to Gross Income [£80,750.00].

2019 Salary Example for £85,000.00 (Planned by Boris Johnson)

£85,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income85,000.007,083.336,538.463,269.231,634.62335.9746.70100.00%
Adjusted Gross Income280,750.006,729.176,211.543,105.771,552.88319.1744.3795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.71%
Company Pension: Employee4,250.00354.17326.92163.4681.7316.802.345.00%
Company Pension: Employer2,550.00212.50196.1598.0849.0410.081.403.00%
Taxable Pay68,250.005,687.505,250.002,625.001,312.50269.7637.5080.29%
Tax Due [PAYE]13,800.001,150.001,061.54530.77265.3854.557.5816.24%
National Insurance5,242.52436.88403.27201.64100.8220.722.886.17%
Total Pay Deductions23,292.521,941.041,791.73895.87447.9392.0712.8027.40%
Net Pay61,707.485,142.294,746.732,373.361,186.68243.9033.9172.60%

Employers NIC Contribution9,980.99831.75767.77383.88191.9439.455.4811.74%
Salary Package [Cost of Employee]97,530.998,127.587,502.383,751.191,875.60385.5053.59114.74%

1 Percentage expressed in relation to Gross Income [£80,750.00].

2019 Salary Example for £85,000.00 (Suggested by iCalculator)

£85,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income85,000.007,083.336,538.463,269.231,634.62335.9746.70100.00%
Adjusted Gross Income280,750.006,729.176,211.543,105.771,552.88319.1744.3795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4835.29%
Company Pension: Employee4,250.00354.17326.92163.4681.7316.802.345.00%
Company Pension: Employer2,550.00212.50196.1598.0849.0410.081.403.00%
Taxable Pay50,750.004,229.173,903.851,951.92975.96200.5927.8859.71%
Tax Due [PAYE]16,300.001,358.331,253.85626.92313.4664.438.9619.18%
National Insurance5,242.52436.88403.27201.64100.8220.722.886.17%
Total Pay Deductions25,792.522,149.381,984.04992.02496.01101.9514.1730.34%
Net Pay59,207.484,933.964,554.422,277.211,138.61234.0232.5369.66%

Employers NIC Contribution9,980.99831.75767.77383.88191.9439.455.4811.74%
Salary Package [Cost of Employee]97,530.998,127.587,502.383,751.191,875.60385.5053.59114.74%

1 Percentage expressed in relation to Gross Income [£80,750.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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