Boris Johnson Tax Calculator - £95,000.00 Salary Example (£95K 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 £95,000.00 Salary (£95K Salary). The illustration also includes an overview of a current 2019 salary example for £95,000.00 and an salary example for £95,000.00 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
£95,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay61217.4867217.4864717.48
Difference n/a60003500
Take Home64.44%70.76%68.12%

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: £95,000.00
  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 £95,000.00 (Current)

£95,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income95,000.007,916.677,307.693,653.851,826.92375.4952.20100.00%
Adjusted Gross Income290,250.007,520.836,942.313,471.151,735.58356.7249.5995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.16%
Company Pension: Employee4,750.00395.83365.38182.6991.3518.772.615.00%
Company Pension: Employer2,850.00237.50219.23109.6254.8111.261.573.00%
Taxable Pay77,750.006,479.175,980.772,990.381,495.19307.3142.7281.84%
Tax Due [PAYE]23,600.001,966.671,815.38907.69453.8593.2812.9724.84%
National Insurance5,432.52452.71417.89208.94104.4721.472.985.72%
Total Pay Deductions33,782.522,815.212,598.661,299.33649.66133.5318.5635.56%
Net Pay61,217.485,101.464,709.042,354.521,177.26241.9733.6464.44%

Employers NIC Contribution11,291.99941.00868.61434.31217.1544.636.2011.89%
Salary Package [Cost of Employee]109,141.999,095.178,395.544,197.772,098.88431.3959.97114.89%

1 Percentage expressed in relation to Gross Income [£90,250.00].

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2019 Salary Example for £95,000.00 (Planned by Boris Johnson)

£95,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income95,000.007,916.677,307.693,653.851,826.92375.4952.20100.00%
Adjusted Gross Income290,250.007,520.836,942.313,471.151,735.58356.7249.5995.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.16%
Company Pension: Employee4,750.00395.83365.38182.6991.3518.772.615.00%
Company Pension: Employer2,850.00237.50219.23109.6254.8111.261.573.00%
Taxable Pay77,750.006,479.175,980.772,990.381,495.19307.3142.7281.84%
Tax Due [PAYE]17,600.001,466.671,353.85676.92338.4669.579.6718.53%
National Insurance5,432.52452.71417.89208.94104.4721.472.985.72%
Total Pay Deductions27,782.522,315.212,137.121,068.56534.28109.8115.2729.24%
Net Pay67,217.485,601.465,170.582,585.291,292.64265.6836.9370.76%

Employers NIC Contribution11,291.99941.00868.61434.31217.1544.636.2011.89%
Salary Package [Cost of Employee]109,141.999,095.178,395.544,197.772,098.88431.3959.97114.89%

1 Percentage expressed in relation to Gross Income [£90,250.00].

2019 Salary Example for £95,000.00 (Suggested by iCalculator)

£95,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income95,000.007,916.677,307.693,653.851,826.92375.4952.20100.00%
Adjusted Gross Income290,250.007,520.836,942.313,471.151,735.58356.7249.5995.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4831.58%
Company Pension: Employee4,750.00395.83365.38182.6991.3518.772.615.00%
Company Pension: Employer2,850.00237.50219.23109.6254.8111.261.573.00%
Taxable Pay60,250.005,020.834,634.622,317.311,158.65238.1433.1063.42%
Tax Due [PAYE]20,100.001,675.001,546.15773.08386.5479.4511.0421.16%
National Insurance5,432.52452.71417.89208.94104.4721.472.985.72%
Total Pay Deductions30,282.522,523.542,329.421,164.71582.36119.6916.6431.88%
Net Pay64,717.485,393.124,978.272,489.131,244.57255.8035.5668.12%

Employers NIC Contribution11,291.99941.00868.61434.31217.1544.636.2011.89%
Salary Package [Cost of Employee]109,141.999,095.178,395.544,197.772,098.88431.3959.97114.89%

1 Percentage expressed in relation to Gross Income [£90,250.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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