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Estimating gross pay from net pay?
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lightisfading
Posts: 1,288 Forumite


in Cutting tax
Can anyone help me please? I'm filling in my (first ever.. gulp) benefits/tax type form (working tax credit) and need to estimate my income for the tax year 08-09. I've got most of it from old payslips etc but I'm stuck one chunk of pay, final pay at the end of my employment with one company, mid-year.
last pay with company: net pay was 988.01 for a period covering approx 5 weeks.
normal calendar month: net pay was 796.34 = 973.00 gross
Can anyone help me work out what my gross pay would have been for that 5 week period? I can't find the payslip anywhere :rolleyes:
This is the part of the application process where I give them our (my+partners) income for that year despite knowing we couldn't claim on that amount, then contact them a few weeks later to give them our *current* income which we can claim on (stupid bloody system :rolleyes: ), so I don't imagine it has to be accurate to the penny?
last pay with company: net pay was 988.01 for a period covering approx 5 weeks.
normal calendar month: net pay was 796.34 = 973.00 gross
Can anyone help me work out what my gross pay would have been for that 5 week period? I can't find the payslip anywhere :rolleyes:
This is the part of the application process where I give them our (my+partners) income for that year despite knowing we couldn't claim on that amount, then contact them a few weeks later to give them our *current* income which we can claim on (stupid bloody system :rolleyes: ), so I don't imagine it has to be accurate to the penny?
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Comments
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The gross pay should be shown on your P60 for 08-09, or on the P45 part 1a which you should have retained.£705,000 raised by client groups in the past 18 mths :beer:0
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if you are stuck your wages department should be able to help as well0
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the P60 is no good as it shows just the amount i've received from my current employer in that period.. not the previous one. and I don't have my P45
I might have to ring up the previous employer but they (ginormous company) are very hard to speak to on the phone :mad:
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there are numerous tax calculator on the internet
although they work based on the gross pay, it is quite simple to enter a guess of the gross pay and keep varying it until you get the required net pay.0 -
lightisfading wrote: »the P60 is no good as it shows just the amount i've received from my current employer in that period.. not the previous one. and I don't have my P45
I might have to ring up the previous employer but they (ginormous company) are very hard to speak to on the phone :mad:
If you gave them P45 when you started with them it should include the figure from the previous employer - basically the figure should be total earned in the tax year...0 -
there are numerous tax calculator on the internet
although they work based on the gross pay, it is quite simple to enter a guess of the gross pay and keep varying it until you get the required net pay.
I've used the tax calculators and I never thought of doing this :rolleyes: Thanks! :T0 -
in any event if you are a standard rate tax payer, no pension deduction, opted inot the state second pension and no other complications
gross pay = net pay / 69% plus 540 (as 6475/12 = 540 approx.)
so if net pay is 1000 then gross is
1000/69% = 1449
plus 540 gives 1988
the 69% comes form tax at 20% and NI at 11%
so deductions are 31%
and you're left with the 69% after tax and NI0
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