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Calculation help!
Comments
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PARIS_5000 wrote: »The tax codes will be on her paysilp.
If she hasn't got a clue what her tax code is or what the deductions are then I'm presuming she hasn't got a payslip. Otherwise she would look at it and let us know what the actual numbers are that are printed on it.If you haven't got it - please don't flaunt it. TIA.0 -
Did you get a payslip for the £44 you were paid? That should give you (or at least us, if you post the figures) the required information.
I don't know what the deal is with NI contributions for a second job, but £12 deduction on £70 pay seems too excessive to me.
Assuming you don't pay NI on the second job then, allowing for 20% tax, your £44 pay would have been £55 gross. This represents 11 hours @ £5/hr.
When were you paid for? This may well not be the same as up to when you were paid. For example you might get paid on Friday afternoon for work up until the end of Thursday. So if your 14 hours included 3 on Friday you won't get paid for those until next Friday. In which case 11 hours would be correct and £44 net (with no NI deductions) is correct.
[Payslip comments at top cross-posted with previous two posts.]0 -
Haven't got my payslip or tax code just yet, only got paid for the first time today. Will check these first and see what it says.
Thanks everyone for your help
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Your tax is incorrect and I cant see why. 14 x £5 = £70. Tax on that will be at 20% - £14, giving net pay of £56. There is no NIC to pay.
You need to query this with your employer.0 -
Gertie_Walker wrote: »Your tax is incorrect and I cant see why. 14 x £5 = £70. Tax on that will be at 20% - £14, giving net pay of £56. There is no NIC to pay.
You need to query this with your employer.
Thank you that what I said that tax on £70 at 20% is £14 leaving £56 but I was not sure about NI.0 -
NI contributions work differently to income tax, in that you can earn up to the weekly lower earnings limit in each or your jobs before deductions are made. (A lot of people don't know about that - you are actually better off by doing several part time jobs rather than just one full time job, as long as you're making enough contributions in at least one of them to maintain your contributions record.)
You say you've worked 14 hours so far, but I would suggest that due to the way their payrun falls, you've only actually been paid for 11 of them ... 11 hours @ £5 = £55, less 20% tax deduction = £44.
Unless you're paying off a student loan perhaps ?Google is my friend ..... :j0 -
It is absolutely possible that you didn't get full 14 hrs paid, maybe because some hours you worked were worked after payroll cut off date. Money takes 3 days to reach your account and also payroll need some time to process hours, so think about that when thinking of how many hours will you get paid for. Good idea is to speak to your supervisor and ask what is the usual cut off date.
Until you have your payslip we can't do anything.
Once you do get it, basically your tax code should be BR and you should pay 20% tax on your gross pay. That is it.
If anything is amiss, call your payroll department.0
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