Boris Johnson Tax Calculator - £96,000.00 Salary Example (£96K 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 £96,000.00 Salary (£96K Salary). The illustration also includes an overview of a current 2019 salary example for £96,000.00 and an salary example for £96,000.00 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
£96,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay61429.4467768.4865268.48
Difference n/a6339.043839.04
Take Home63.99%70.59%67.99%

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: £96,000.00
  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 £96,000.00 (Current)

£96,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income96,000.008,000.007,384.623,692.311,846.15379.4552.75100.00%
Adjusted Gross Income291,200.007,600.007,015.383,507.691,753.85360.4750.1195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.02%
Company Pension: Employee4,800.00400.00369.23184.6292.3118.972.645.00%
Company Pension: Employer2,880.00240.00221.54110.7755.3811.381.583.00%
Taxable Pay78,700.006,558.336,053.853,026.921,513.46311.0743.2481.98%
Tax Due [PAYE]23,980.001,998.331,844.62922.31461.1594.7813.1824.98%
National Insurance5,790.56482.55445.43222.71111.3622.893.186.03%
Total Pay Deductions34,570.562,880.882,659.271,329.64664.82136.6418.9936.01%
Net Pay61,429.445,119.124,725.342,362.671,181.34242.8033.7563.99%

Employers NIC Contribution11,394.38949.53876.49438.25219.1245.046.2611.87%
Salary Package [Cost of Employee]110,274.389,189.538,482.644,241.322,120.66435.8760.59114.87%

1 Percentage expressed in relation to Gross Income [£91,200.00].

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2019 Salary Example for £96,000.00 (Planned by Boris Johnson)

£96,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income96,000.008,000.007,384.623,692.311,846.15379.4552.75100.00%
Adjusted Gross Income291,200.007,600.007,015.383,507.691,753.85360.4750.1195.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8713.02%
Company Pension: Employee4,800.00400.00369.23184.6292.3118.972.645.00%
Company Pension: Employer2,880.00240.00221.54110.7755.3811.381.583.00%
Taxable Pay78,700.006,558.336,053.853,026.921,513.46311.0743.2481.98%
Tax Due [PAYE]17,980.001,498.331,383.08691.54345.7771.079.8818.73%
National Insurance5,451.52454.29419.35209.67104.8421.553.005.68%
Total Pay Deductions28,231.522,352.632,171.661,085.83542.91111.5915.5129.41%
Net Pay67,768.485,647.375,212.962,606.481,303.24267.8637.2470.59%

Employers NIC Contribution11,423.09951.92878.70439.35219.6745.156.2811.90%
Salary Package [Cost of Employee]110,303.099,191.928,484.854,242.432,121.21435.9860.61114.90%

1 Percentage expressed in relation to Gross Income [£91,200.00].

2019 Salary Example for £96,000.00 (Suggested by iCalculator)

£96,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income96,000.008,000.007,384.623,692.311,846.15379.4552.75100.00%
Adjusted Gross Income291,200.007,600.007,015.383,507.691,753.85360.4750.1195.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4831.25%
Company Pension: Employee4,800.00400.00369.23184.6292.3118.972.645.00%
Company Pension: Employer2,880.00240.00221.54110.7755.3811.381.583.00%
Taxable Pay61,200.005,100.004,707.692,353.851,176.92241.9033.6363.75%
Tax Due [PAYE]20,480.001,706.671,575.38787.69393.8580.9511.2521.33%
National Insurance5,451.52454.29419.35209.67104.8421.553.005.68%
Total Pay Deductions30,731.522,560.962,363.961,181.98590.99121.4716.8932.01%
Net Pay65,268.485,439.045,020.652,510.331,255.16257.9835.8667.99%

Employers NIC Contribution11,423.09951.92878.70439.35219.6745.156.2811.90%
Salary Package [Cost of Employee]110,303.099,191.928,484.854,242.432,121.21435.9860.61114.90%

1 Percentage expressed in relation to Gross Income [£91,200.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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