Understanding a P45

Suzkin

1) On a P45, does the figure 'Total Pay to date' *include* the figure 'Total Tax to date'?
OR
are these separate figures needing adding together to reach a final gross figure?

2) On a cumulative payslip, can 'Pensionable Pay' (i.e. the figure used in calculating an occupational pension) ever be more than that stated on a P45 - 'Total Pay to date' (regardless of the correct calculation in 1. above)?

Thanks

Hammyman

They're different figures. The "total pay to date" is the gross amount before deductions.

Suzkin

Does this mean the "total pay to date" *INCLUDES* the figure for "total tax to date" ??

Suzkin

For example (very basic, with silly figures simply to illustrate, as I don't understand...):

Total Pay to date: 25.00
Total Tax to date: 3.00
What was my overall pay? £28.00, or £25.00 ?

chrisbur

Suzkin wrote: »

1) On a P45, does the figure *include* the figure ?
OR
are these separate figures needing adding together to reach a final gross figure?

2) On a cumulative payslip, can 'Pensionable Pay' (i.e. the figure used in calculating an occupational pension) ever be more than that stated on a P45 - 'Total Pay to date' (regardless of the correct calculation in 1. above)?

Thanks

On the P45 the 'Total Pay to date' is the total of all taxable pay you have had in the current tax year. This will include pay from a previous employment if that aplies, but will not include any non-taxable pay eg contracted out pension contributions. The 'Total Tax to date' is the tax paid on the gross and is not included in it.

Suzkin

So, the Total Pay to Date figure may not then reflect all my 'earnings' i.e. pay received.

chrisbur

Suzkin wrote: »

So, the Total Pay to Date figure may not then reflect all my 'earnings' i.e. pay received.

Yes it is your total taxable pay to date, which in many cases will be the same as the total earnings , but not in all cases.