Boris Johnson Tax Calculator - £94,000.00 Salary Example (£94K 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 £94,000.00 Salary (£94K Salary). The illustration also includes an overview of a current 2019 salary example for £94,000.00 and an salary example for £94,000.00 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
£94,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay60327.4466666.4864166.48
Difference n/a6339.043839.04
Take Home64.18%70.92%68.26%

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: £94,000.00
  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 £94,000.00 (Current)

£94,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income94,000.007,833.337,230.773,615.381,807.69371.5451.65100.00%
Adjusted Gross Income289,300.007,441.676,869.233,434.621,717.31352.9649.0795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.30%
Company Pension: Employee4,700.00391.67361.54180.7790.3818.582.585.00%
Company Pension: Employer2,820.00235.00216.92108.4654.2311.151.553.00%
Taxable Pay76,800.006,400.005,907.692,953.851,476.92303.5642.2081.70%
Tax Due [PAYE]23,220.001,935.001,786.15893.08446.5491.7812.7624.70%
National Insurance5,752.56479.38442.50221.25110.6322.743.166.12%
Total Pay Deductions33,672.562,806.052,590.201,295.10647.55133.0918.5035.82%
Net Pay60,327.445,027.294,640.572,320.291,160.14238.4533.1564.18%

Employers NIC Contribution11,132.18927.68856.32428.16214.0844.006.1211.84%
Salary Package [Cost of Employee]107,952.188,996.028,304.014,152.012,076.00426.6959.31114.84%

1 Percentage expressed in relation to Gross Income [£89,300.00].

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2019 Salary Example for £94,000.00 (Planned by Boris Johnson)

£94,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income94,000.007,833.337,230.773,615.381,807.69371.5451.65100.00%
Adjusted Gross Income289,300.007,441.676,869.233,434.621,717.31352.9649.0795.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.30%
Company Pension: Employee4,700.00391.67361.54180.7790.3818.582.585.00%
Company Pension: Employer2,820.00235.00216.92108.4654.2311.151.553.00%
Taxable Pay76,800.006,400.005,907.692,953.851,476.92303.5642.2081.70%
Tax Due [PAYE]17,220.001,435.001,324.62662.31331.1568.069.4618.32%
National Insurance5,413.52451.13416.42208.21104.1121.402.975.76%
Total Pay Deductions27,333.522,277.792,102.581,051.29525.64108.0415.0229.08%
Net Pay66,666.485,555.545,128.192,564.101,282.05263.5036.6370.92%

Employers NIC Contribution11,160.89930.07858.53429.26214.6344.116.1311.87%
Salary Package [Cost of Employee]107,980.898,998.418,306.224,153.112,076.56426.8059.33114.87%

1 Percentage expressed in relation to Gross Income [£89,300.00].

2019 Salary Example for £94,000.00 (Suggested by iCalculator)

£94,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income94,000.007,833.337,230.773,615.381,807.69371.5451.65100.00%
Adjusted Gross Income289,300.007,441.676,869.233,434.621,717.31352.9649.0795.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4831.91%
Company Pension: Employee4,700.00391.67361.54180.7790.3818.582.585.00%
Company Pension: Employer2,820.00235.00216.92108.4654.2311.151.553.00%
Taxable Pay59,300.004,941.674,561.542,280.771,140.38234.3932.5863.09%
Tax Due [PAYE]19,720.001,643.331,516.92758.46379.2377.9410.8420.98%
National Insurance5,413.52451.13416.42208.21104.1121.402.975.76%
Total Pay Deductions29,833.522,486.132,294.891,147.44573.72117.9216.3931.74%
Net Pay64,166.485,347.214,935.882,467.941,233.97253.6235.2668.26%

Employers NIC Contribution11,160.89930.07858.53429.26214.6344.116.1311.87%
Salary Package [Cost of Employee]107,980.898,998.418,306.224,153.112,076.56426.8059.33114.87%

1 Percentage expressed in relation to Gross Income [£89,300.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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