Minimum wage over a year

Person_one

kingfisherblue wrote: »

But only if you are over 25 - single people can't claim WTC before this.

I am 25, will I need to be over 25, ie, 26?

Snakeeyes21

nope, just 25 is fine.
If you have been unemployed for around a year tax cedits will be 50 odd quid a week for the first year. so really you end up paying no tax and no NI for that first year.

Person_one

Snakeeyes21 wrote: »

nope, just 25 is fine.
If you have been unemployed for around a year tax cedits will be 50 odd quid a week for the first year. so really you end up paying no tax and no NI for that first year.

Only been unemployed since May 1st, but anything's a bonus. You've just reminded me though, I need to chase up my P45 from my last job, still not got it :mad:

sharkie

Congratulations! what does the new job entail?

One thing you should do is talk to you new colleagues, find out how long they have been working there etc. My friend started work for a bank, the 'oldest employee' had been there 4 years, most of the others were there less than 1 year. They tend to fire their staff each year and he does not expect to be there long term.

Person_one

sharkie wrote: »

Congratulations! what does the new job entail?

One thing you should do is talk to you new colleagues, find out how long they have been working there etc. My friend started work for a bank, the 'oldest employee' had been there 4 years, most of the others were there less than 1 year. They tend to fire their staff each year and he does not expect to be there long term.

Its in the NHS and its a permanent contract, so its as secure as the con-dems allow!

Person_one

Quick question, are tax credits affected by savings at all?

Andy_L

LittleVoice wrote: »

What on earth are you writing about? Being waged or salaried makes no difference to whether you are paid for holidays!

If you are paid NMW you are paid that when you work and for your contractual/statutory holidays.

The legislation over paid holiday & NMW interact badly.

Whilst they have to pay you for holiday they can, if you are waged, effectively pay you less than NMW providing your total pay over the reference period divided by the hours you work (ie excluding holiday hours) comes to the NMW

Obviously they'd have to be a right git of an employer but there's plenty out there

http://www.direct.gov.uk/en/Employment/Employees/TheNationalMinimumWage/DG_175105

"Time workers don’t need to be paid the NMW for hours spent:....away from work on rest breaks, holidays"

sharkie

Person_one wrote: »

Its in the NHS and its a permanent contract, so its as secure as the con-dems allow!

You poor thing! Get the experience and then leave. How big and were is the hospital?