Exaggerating my basic salary. Tips

hcb42

Good Luck!

SandC

Jimavfc82 wrote: »

Whatever the situation you have done well getting that payrise right now.

Personally i think it is just clever gamesmanship on your side, employers are just as economical with the truth when trying to prevent pay rises, hiding what other members of the team make or distorting overall company profits etc

Good luck in the new role

I agree. Whilst I really like my current employers, even they reduced the salary they were offering when I started. At the time I'd walked out of my previous job without another one to go to and I didn't think I had any choice but to accept it. I know better now - ALL companies will try it on. You may get what you ask for but you certainly won't get it handed on a plate.

OP I'm sure you will be fine and in your shoes, knowing the world of work as I now do, I would have done the same.

Any

Let's face it, new employer doesn't need to know how much you were earning at all anyway, the morality of the question is questionable already. They should ask how much would you like and decide whether they are willing to pay it or not, how much you earned in past is absolutely none of their business. It is only to serve their own purposes as to see how little they can get away with. All these good doers on here should realise that.

IF questioned (which I doubt) I would just say the salary stated was including that bonus you didn't get in the end. You were changing jobs to achieve at least the pay you were promised there (which included that bonus) and that is why you stated that salary. Also pensions are not shown on the P45 or what part of the pay the bonus was. The P45 is not really taken as the face value of what people's pay is "worth" at most places (at least it wasn't anywhere where I worked). HR professionals know that this is the case so they don't look at it like that and most of other folk don't know the slightest idea about what figures on P45 mean (IMHO and experience) so they wouldn't look at it.

Tankrizzo_2

I really wouldn't worry too much. They clearly think you're worth the money else they wouldn't have offered you the job at that rate. I don't think they'll care from now on.

somethingcorporate

The P45 you receive will tell you what you earned in the year but won't actually demonstrate what your annual salary is at the end of the year.

You could just use the "I had an in-year pay rise" which would explain the difference between your P45 and your annual salary. Just looking at my P45 it showed £4k less than my annual salary because I had an in-year rise.

Good luck with the new job.

F_T_Buyer

I don't think the OP has done anything wrong. Unless the salary was given on the basis of the old job, it doesn't matter. Just don't give your P45, and fill in a P46. Worst case you go on 'BR' tax code and it later all falls inline when the correct tax code is applied.

Infact, I would never give my old salary (just a ball park figure) and they offer what they think I'm worth - I can haggle or do whatever I want with that. I think it's rude of an employer to ask. They are exceptions, like the public sector though.

burnoutbabe

somethingcorporate wrote: »

The P45 you receive will tell you what you earned in the year but won't actually demonstrate what your annual salary is at the end of the year.

You could just use the "I had an in-year pay rise" which would explain the difference between your P45 and your annual salary. Just looking at my P45 it showed £4k less than my annual salary because I had an in-year rise.

Good luck with the new job.

yep, thats what i'd say if asked, that my salary in my last month was higher than earlier months.

Anyway, the p45 won't be needed will it, as you won't get any pay for March would you? it would all come in April, and it won't matter what last years pay was. I'd just hand in any Tax coding you had. Avoids the question altogether.

Dangermac

sixstate wrote: »

Long time poster but forgotten my username and since changed my email so can no longer use my old account!

Anyway, I digress.

I start a new job next Monday and have been handed my P45 by my old firm. Having looked at it, it lists my wage for the previous tax year. The problem is, I slightly exaggerated my earnings in my second interview, I'm sure I am not the first to do this.

Usually this would not concern me as HR are unlikely to sit in the interview. However, during my second interview, the HR and finance women sat in and have seen how much I claimed to be earning. A basic wage of £3400 more, plus annual bonus and pension contributions - the latter two are true.

My new company have been very generous in offering me £3000 above what they think I am earning, a total of £6400 basic wage higher than my current earnings. Whilst I am obviously not complaining about this, I wondered what would happen once they realise I have exaggerated my earnings?

I am sure this has been asked before but any advice guidance would be appreciated.

I wouldnt worry too much. It's unlikely that anyone would notice.

DM