Boris Johnson Tax Calculator - £ 77,000.00 Salary Example (£77K 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 £ 77,000.00 Salary (£77K Salary). The illustration also includes an overview of a current 2023 salary example for £ 77,000.00 and an salary example for £ 77,000.00 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.

£ 77,000.00 Salary Comparison

What	Current (2019)	Boris £80k Higher Rate Threshold	iCalculator™ £30k Personal Allowance
Net Pay	45960.44	52299.48	42799.48
Difference	n/a	6339.04	-3160.96
Take Home	59.69%	67.92%	55.58%

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: £ 77,000.00
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)

2023 Salary Example for £ 77,000.00 (Current)

£ 77,000.00 Salary Example 2023/24 Tax Year

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	77,000.00	6,416.67	5,923.08	2,961.54	1,480.77	304.35	42.31	100.00%
Adjusted Gross Income2	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Company Pension: Employee	3,850.00	320.83	296.15	148.08	74.04	15.22	2.12	5.00%
Company Pension: Employer	2,310.00	192.50	177.69	88.85	44.42	9.13	1.27	3.00%
Taxable Pay	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Tax Due [PAYE]	21,760.00	1,813.33	1,673.85	836.92	418.46	86.01	11.96	28.26%
National Insurance	5,429.56	452.46	417.66	208.83	104.41	21.46	2.98	7.05%
Total Pay Deductions	31,039.56	2,586.63	2,387.66	1,193.83	596.91	122.69	17.05	40.31%
Net Pay	45,960.44	3,830.04	3,535.42	1,767.71	883.85	181.66	25.25	59.69%
Employers NIC Contribution	8,903.48	741.96	684.88	342.44	171.22	35.19	4.89	11.56%
Salary Package [Cost of Employee]	88,213.48	7,351.12	6,785.65	3,392.83	1,696.41	348.67	48.47	114.56%

¹ Percentage expressed in relation to Gross Income [£ 73,150.00].

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2023 Salary Example for £ 77,000.00 (Planned by Boris Johnson)

£ 77,000.00 Salary Example 2023/24 Tax Year (Planned by Boris Johnson)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	77,000.00	6,416.67	5,923.08	2,961.54	1,480.77	304.35	42.31	100.00%
Adjusted Gross Income2	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Company Pension: Employee	3,850.00	320.83	296.15	148.08	74.04	15.22	2.12	5.00%
Company Pension: Employer	2,310.00	192.50	177.69	88.85	44.42	9.13	1.27	3.00%
Taxable Pay	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Tax Due [PAYE]	15,760.00	1,313.33	1,212.31	606.15	303.08	62.29	8.66	20.47%
National Insurance	5,090.52	424.21	391.58	195.79	97.89	20.12	2.80	6.61%
Total Pay Deductions	24,700.52	2,058.38	1,900.04	950.02	475.01	97.63	13.57	32.08%
Net Pay	52,299.48	4,358.29	4,023.04	2,011.52	1,005.76	206.72	28.74	67.92%
Employers NIC Contribution	8,932.19	744.35	687.09	343.55	171.77	35.31	4.91	11.60%
Salary Package [Cost of Employee]	88,242.19	7,353.52	6,787.86	3,393.93	1,696.97	348.78	48.48	114.60%

¹ Percentage expressed in relation to Gross Income [£ 73,150.00].

2023 Salary Example for £ 77,000.00 (Suggested by iCalculator)

£ 77,000.00 Salary Example 2023/24 Tax Year (Suggested by iCalculator)

	Yearly	Monthly	4 Weekly	2 Weekly	Weekly	Daily	Hourly	%1
Gross Income	77,000.00	6,416.67	5,923.08	2,961.54	1,480.77	304.35	42.31	100.00%
Adjusted Gross Income2	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Company Pension: Employee	3,850.00	320.83	296.15	148.08	74.04	15.22	2.12	5.00%
Company Pension: Employer	2,310.00	192.50	177.69	88.85	44.42	9.13	1.27	3.00%
Taxable Pay	73,150.00	6,095.83	5,626.92	2,813.46	1,406.73	289.13	40.19	95.00%
Tax Due [PAYE]	25,260.00	2,105.00	1,943.08	971.54	485.77	99.84	13.88	32.81%
National Insurance	5,090.52	424.21	391.58	195.79	97.89	20.12	2.80	6.61%
Total Pay Deductions	34,200.52	2,850.04	2,630.81	1,315.40	657.70	135.18	18.79	44.42%
Net Pay	42,799.48	3,566.62	3,292.27	1,646.13	823.07	169.17	23.52	55.58%
Employers NIC Contribution	8,932.19	744.35	687.09	343.55	171.77	35.31	4.91	11.60%
Salary Package [Cost of Employee]	88,242.19	7,353.52	6,787.86	3,393.93	1,696.97	348.78	48.48	114.60%

¹ Percentage expressed in relation to Gross Income [£ 73,150.00].

Further Reading

Boris Johnsons Plan for changes to the Higher Rate Tax Threshold

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