Boris Johnson Tax Calculator - £93,000.00 Salary Example (£93K 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 £93,000.00 Salary (£93K Salary). The illustration also includes an overview of a current 2019 salary example for £93,000.00 and an salary example for £93,000.00 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
£93,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay60115.4866115.4863615.48
Difference n/a60003500
Take Home64.64%71.09%68.40%

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: £93,000.00
  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 £93,000.00 (Current)

£93,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income93,000.007,750.007,153.853,576.921,788.46367.5951.10100.00%
Adjusted Gross Income288,350.007,362.506,796.153,398.081,699.04349.2148.5495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.44%
Company Pension: Employee4,650.00387.50357.69178.8589.4218.382.555.00%
Company Pension: Employer2,790.00232.50214.62107.3153.6511.031.533.00%
Taxable Pay75,850.006,320.835,834.622,917.311,458.65299.8041.6881.56%
Tax Due [PAYE]22,840.001,903.331,756.92878.46439.2390.2812.5524.56%
National Insurance5,394.52449.54414.96207.48103.7421.322.965.80%
Total Pay Deductions32,884.522,740.382,529.581,264.79632.39129.9818.0735.36%
Net Pay60,115.485,009.624,624.272,312.131,156.07237.6133.0364.64%

Employers NIC Contribution11,029.79919.15848.45424.22212.1143.606.0611.86%
Salary Package [Cost of Employee]106,819.798,901.658,216.914,108.452,054.23422.2158.69114.86%

1 Percentage expressed in relation to Gross Income [£88,350.00].

2019 Salary Example for £93,000.00 (Planned by Boris Johnson)

£93,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income93,000.007,750.007,153.853,576.921,788.46367.5951.10100.00%
Adjusted Gross Income288,350.007,362.506,796.153,398.081,699.04349.2148.5495.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.44%
Company Pension: Employee4,650.00387.50357.69178.8589.4218.382.555.00%
Company Pension: Employer2,790.00232.50214.62107.3153.6511.031.533.00%
Taxable Pay75,850.006,320.835,834.622,917.311,458.65299.8041.6881.56%
Tax Due [PAYE]16,840.001,403.331,295.38647.69323.8566.569.2518.11%
National Insurance5,394.52449.54414.96207.48103.7421.322.965.80%
Total Pay Deductions26,884.522,240.382,068.041,034.02517.01106.2614.7728.91%
Net Pay66,115.485,509.625,085.812,542.901,271.45261.3336.3371.09%

Employers NIC Contribution11,029.79919.15848.45424.22212.1143.606.0611.86%
Salary Package [Cost of Employee]106,819.798,901.658,216.914,108.452,054.23422.2158.69114.86%

1 Percentage expressed in relation to Gross Income [£88,350.00].

2019 Salary Example for £93,000.00 (Suggested by iCalculator)

£93,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income93,000.007,750.007,153.853,576.921,788.46367.5951.10100.00%
Adjusted Gross Income288,350.007,362.506,796.153,398.081,699.04349.2148.5495.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4832.26%
Company Pension: Employee4,650.00387.50357.69178.8589.4218.382.555.00%
Company Pension: Employer2,790.00232.50214.62107.3153.6511.031.533.00%
Taxable Pay58,350.004,862.504,488.462,244.231,122.12230.6332.0662.74%
Tax Due [PAYE]19,340.001,611.671,487.69743.85371.9276.4410.6320.80%
National Insurance5,394.52449.54414.96207.48103.7421.322.965.80%
Total Pay Deductions29,384.522,448.712,260.351,130.17565.09116.1416.1531.60%
Net Pay63,615.485,301.294,893.502,446.751,223.37251.4434.9568.40%

Employers NIC Contribution11,029.79919.15848.45424.22212.1143.606.0611.86%
Salary Package [Cost of Employee]106,819.798,901.658,216.914,108.452,054.23422.2158.69114.86%

1 Percentage expressed in relation to Gross Income [£88,350.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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