Boris Johnson Tax Calculator - £87,000.00 Salary Example (£87K 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 £87,000.00 Salary (£87K Salary). The illustration also includes an overview of a current 2019 salary example for £87,000.00 and an salary example for £87,000.00 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
£87,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay56809.4862809.4860309.48
Difference n/a60003500
Take Home65.30%72.19%69.32%

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: £87,000.00
  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 £87,000.00 (Current)

£87,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income87,000.007,250.006,692.313,346.151,673.08343.8747.80100.00%
Adjusted Gross Income282,650.006,887.506,357.693,178.851,589.42326.6845.4195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.37%
Company Pension: Employee4,350.00362.50334.62167.3183.6517.192.395.00%
Company Pension: Employer2,610.00217.50200.77100.3850.1910.321.433.00%
Taxable Pay70,150.005,845.835,396.152,698.081,349.04277.2738.5480.63%
Tax Due [PAYE]20,560.001,713.331,581.54790.77395.3881.2611.3023.63%
National Insurance5,280.52440.04406.19203.10101.5520.872.906.07%
Total Pay Deductions30,190.522,515.882,322.351,161.17580.59119.3316.5934.70%
Net Pay56,809.484,734.124,369.962,184.981,092.49224.5431.2165.30%

Employers NIC Contribution10,243.19853.60787.94393.97196.9840.495.6311.77%
Salary Package [Cost of Employee]99,853.198,321.107,681.013,840.511,920.25394.6854.86114.77%

1 Percentage expressed in relation to Gross Income [£82,650.00].

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2019 Salary Example for £87,000.00 (Planned by Boris Johnson)

£87,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income87,000.007,250.006,692.313,346.151,673.08343.8747.80100.00%
Adjusted Gross Income282,650.006,887.506,357.693,178.851,589.42326.6845.4195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8714.37%
Company Pension: Employee4,350.00362.50334.62167.3183.6517.192.395.00%
Company Pension: Employer2,610.00217.50200.77100.3850.1910.321.433.00%
Taxable Pay70,150.005,845.835,396.152,698.081,349.04277.2738.5480.63%
Tax Due [PAYE]14,560.001,213.331,120.00560.00280.0057.558.0016.74%
National Insurance5,280.52440.04406.19203.10101.5520.872.906.07%
Total Pay Deductions24,190.522,015.881,860.81930.40465.2095.6113.2927.81%
Net Pay62,809.485,234.124,831.502,415.751,207.87248.2634.5172.19%

Employers NIC Contribution10,243.19853.60787.94393.97196.9840.495.6311.77%
Salary Package [Cost of Employee]99,853.198,321.107,681.013,840.511,920.25394.6854.86114.77%

1 Percentage expressed in relation to Gross Income [£82,650.00].

2019 Salary Example for £87,000.00 (Suggested by iCalculator)

£87,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income87,000.007,250.006,692.313,346.151,673.08343.8747.80100.00%
Adjusted Gross Income282,650.006,887.506,357.693,178.851,589.42326.6845.4195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4834.48%
Company Pension: Employee4,350.00362.50334.62167.3183.6517.192.395.00%
Company Pension: Employer2,610.00217.50200.77100.3850.1910.321.433.00%
Taxable Pay52,650.004,387.504,050.002,025.001,012.50208.1028.9360.52%
Tax Due [PAYE]17,060.001,421.671,312.31656.15328.0867.439.3719.61%
National Insurance5,280.52440.04406.19203.10101.5520.872.906.07%
Total Pay Deductions26,690.522,224.212,053.121,026.56513.28105.5014.6730.68%
Net Pay60,309.485,025.794,639.192,319.601,159.80238.3833.1469.32%

Employers NIC Contribution10,243.19853.60787.94393.97196.9840.495.6311.77%
Salary Package [Cost of Employee]99,853.198,321.107,681.013,840.511,920.25394.6854.86114.77%

1 Percentage expressed in relation to Gross Income [£82,650.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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