Boris Johnson Tax Calculator - £86,000.00 Salary Example (£86K 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 £86,000.00 Salary (£86K Salary). The illustration also includes an overview of a current 2019 salary example for £86,000.00 and an salary example for £86,000.00 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
£86,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay55919.4462258.4859758.48
Difference n/a6339.043839.04
Take Home65.02%72.39%69.49%

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: £86,000.00
  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 £86,000.00 (Current)

£86,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income86,000.007,166.676,615.383,307.691,653.85339.9247.25100.00%
Adjusted Gross Income281,700.006,808.336,284.623,142.311,571.15322.9244.8995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.53%
Company Pension: Employee4,300.00358.33330.77165.3882.6917.002.365.00%
Company Pension: Employer2,580.00215.00198.4699.2349.6210.201.423.00%
Taxable Pay69,200.005,766.675,323.082,661.541,330.77273.5238.0280.47%
Tax Due [PAYE]20,180.001,681.671,552.31776.15388.0879.7611.0923.47%
National Insurance5,600.56466.71430.81215.41107.7022.143.086.51%
Total Pay Deductions30,080.562,506.712,313.891,156.94578.47118.9016.5334.98%
Net Pay55,919.444,659.954,301.502,150.751,075.37221.0330.7265.02%

Employers NIC Contribution10,083.38840.28775.64387.82193.9139.865.5411.72%
Salary Package [Cost of Employee]98,663.388,221.957,589.493,794.751,897.37389.9754.21114.72%

1 Percentage expressed in relation to Gross Income [£81,700.00].

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2019 Salary Example for £86,000.00 (Planned by Boris Johnson)

£86,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income86,000.007,166.676,615.383,307.691,653.85339.9247.25100.00%
Adjusted Gross Income281,700.006,808.336,284.623,142.311,571.15322.9244.8995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.53%
Company Pension: Employee4,300.00358.33330.77165.3882.6917.002.365.00%
Company Pension: Employer2,580.00215.00198.4699.2349.6210.201.423.00%
Taxable Pay69,200.005,766.675,323.082,661.541,330.77273.5238.0280.47%
Tax Due [PAYE]14,180.001,181.671,090.77545.38272.6956.057.7916.49%
National Insurance5,261.52438.46404.73202.37101.1820.802.896.12%
Total Pay Deductions23,741.521,978.461,826.27913.14456.5793.8413.0427.61%
Net Pay62,258.485,188.214,789.112,394.561,197.28246.0834.2172.39%

Employers NIC Contribution10,112.09842.67777.85388.93194.4639.975.5611.76%
Salary Package [Cost of Employee]98,692.098,224.347,591.703,795.851,897.92390.0954.23114.76%

1 Percentage expressed in relation to Gross Income [£81,700.00].

2019 Salary Example for £86,000.00 (Suggested by iCalculator)

£86,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income86,000.007,166.676,615.383,307.691,653.85339.9247.25100.00%
Adjusted Gross Income281,700.006,808.336,284.623,142.311,571.15322.9244.8995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4834.88%
Company Pension: Employee4,300.00358.33330.77165.3882.6917.002.365.00%
Company Pension: Employer2,580.00215.00198.4699.2349.6210.201.423.00%
Taxable Pay51,700.004,308.333,976.921,988.46994.23204.3528.4160.12%
Tax Due [PAYE]16,680.001,390.001,283.08641.54320.7765.939.1619.40%
National Insurance5,261.52438.46404.73202.37101.1820.802.896.12%
Total Pay Deductions26,241.522,186.792,018.581,009.29504.64103.7214.4230.51%
Net Pay59,758.484,979.874,596.812,298.401,149.20236.2032.8369.49%

Employers NIC Contribution10,112.09842.67777.85388.93194.4639.975.5611.76%
Salary Package [Cost of Employee]98,692.098,224.347,591.703,795.851,897.92390.0954.23114.76%

1 Percentage expressed in relation to Gross Income [£81,700.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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