Boris Johnson Tax Calculator - £97,000.00 Salary Example (£97K 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 £97,000.00 Salary (£97K Salary). The illustration also includes an overview of a current 2019 salary example for £97,000.00 and an salary example for £97,000.00 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
£97,000.00 Salary Comparison
WhatCurrent (2019)Boris £80k Higher Rate ThresholdiCalculator £30k Personal Allowance
Net Pay62319.4868319.4865819.48
Difference n/a60003500
Take Home64.25%70.43%67.86%

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: £97,000.00
  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 £97,000.00 (Current)

£97,000.00 Salary Example 2019/20 Tax Year
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income97,000.008,083.337,461.543,730.771,865.38383.4053.30100.00%
Adjusted Gross Income292,150.007,679.177,088.463,544.231,772.12364.2350.6395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8712.89%
Company Pension: Employee4,850.00404.17373.08186.5493.2719.172.665.00%
Company Pension: Employer2,910.00242.50223.85111.9255.9611.501.603.00%
Taxable Pay79,650.006,637.506,126.923,063.461,531.73314.8243.7682.11%
Tax Due [PAYE]24,360.002,030.001,873.85936.92468.4696.2813.3825.11%
National Insurance5,470.52455.88420.81210.40105.2021.623.015.64%
Total Pay Deductions34,680.522,890.042,667.731,333.87666.93137.0819.0635.75%
Net Pay62,319.485,193.294,793.812,396.901,198.45246.3234.2464.25%

Employers NIC Contribution11,554.19962.85888.78444.39222.2045.676.3511.91%
Salary Package [Cost of Employee]111,464.199,288.688,574.174,287.082,143.54440.5761.24114.91%

1 Percentage expressed in relation to Gross Income [£92,150.00].

2019 Salary Example for £97,000.00 (Planned by Boris Johnson)

£97,000.00 Salary Example 2019/20 Tax Year (Planned by Boris Johnson)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income97,000.008,083.337,461.543,730.771,865.38383.4053.30100.00%
Adjusted Gross Income292,150.007,679.177,088.463,544.231,772.12364.2350.6395.00%
Tax Free Personal Allowance12,500.001,041.67961.54480.77240.3849.416.8712.89%
Company Pension: Employee4,850.00404.17373.08186.5493.2719.172.665.00%
Company Pension: Employer2,910.00242.50223.85111.9255.9611.501.603.00%
Taxable Pay79,650.006,637.506,126.923,063.461,531.73314.8243.7682.11%
Tax Due [PAYE]18,360.001,530.001,412.31706.15353.0872.5710.0918.93%
National Insurance5,470.52455.88420.81210.40105.2021.623.015.64%
Total Pay Deductions28,680.522,390.042,206.191,103.10551.55113.3615.7629.57%
Net Pay68,319.485,693.295,255.342,627.671,313.84270.0437.5470.43%

Employers NIC Contribution11,554.19962.85888.78444.39222.2045.676.3511.91%
Salary Package [Cost of Employee]111,464.199,288.688,574.174,287.082,143.54440.5761.24114.91%

1 Percentage expressed in relation to Gross Income [£92,150.00].

2019 Salary Example for £97,000.00 (Suggested by iCalculator)

£97,000.00 Salary Example 2019/20 Tax Year (Suggested by iCalculator)
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Gross Income97,000.008,083.337,461.543,730.771,865.38383.4053.30100.00%
Adjusted Gross Income292,150.007,679.177,088.463,544.231,772.12364.2350.6395.00%
Tax Free Personal Allowance30,000.002,500.002,307.691,153.85576.92118.5816.4830.93%
Company Pension: Employee4,850.00404.17373.08186.5493.2719.172.665.00%
Company Pension: Employer2,910.00242.50223.85111.9255.9611.501.603.00%
Taxable Pay62,150.005,179.174,780.772,390.381,195.19245.6534.1564.07%
Tax Due [PAYE]20,860.001,738.331,604.62802.31401.1582.4511.4621.51%
National Insurance5,470.52455.88420.81210.40105.2021.623.015.64%
Total Pay Deductions31,180.522,598.382,398.501,199.25599.63123.2417.1332.14%
Net Pay65,819.485,484.965,063.042,531.521,265.76260.1636.1667.86%

Employers NIC Contribution11,554.19962.85888.78444.39222.2045.676.3511.91%
Salary Package [Cost of Employee]111,464.199,288.688,574.174,287.082,143.54440.5761.24114.91%

1 Percentage expressed in relation to Gross Income [£92,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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