My SOA... my nightmare!!

susplum

The SOA is our joint income. Sorry...my bad!! Because I'm doing this bit on my own I forget to mention that he's around.

lynzpower

sorry my fault!

one thing that stands out to me is is your OH on the right tax code? What is his gross salary?

susplum

We're actually querying his tax. His gross salary is £16203.00 which in his first payslip broke down as:

basic pay plus 14% shift: £1539.29

deductions:

tax: £344.87
NI £104.19 (supposed to be reduced rate as he's in police)
Pension 6%: £92.36

net pay: 997.87

His tax code has changed to 503L for some reason.

We don't really understand how tax works but we're hoping its emergency tax or something. Unless this seems right to everyone else.

studentphil

Maybe you could knock 20 quid a month off the food spending. That would be 220 ish quid a year.

bekkki1

Thats the right tax code
503L is roughly 10%
if on BR its 20% tax (which is classed as emergency tax)

lynzpower

susplum wrote:

We're actually querying his tax. His gross salary is £16203.00 which in his first payslip broke down as:

basic pay plus 14% shift: £1539.29

deductions:

tax: £344.87
NI £104.19 (supposed to be reduced rate as he's in police)
Pension 6%: £92.36

net pay: 997.87

His tax code has changed to 503L for some reason.

We don't really understand how tax works but we're hoping its emergency tax or something. Unless this seems right to everyone else.

Ive put this into https://www.i-resign.com which im my experience is generally spot on, and it says that after tax & NI he should be coming out with 1055

Although if hes paying his pension then it looks about right?

susplum

Then god help us!!!:eek:

He's feeling really down about this at the moment, he really thought he'd be helping out with this new job and it may end up costing us money!!

all_hours

Does he receive the 14% shift to take it up to £1539.29 every month?

I put it into (£18471.48 - assuming £1539 times 12 for the annual salary)

http://www.thesalarycalculator.co.uk/salary.php

and it gives monthly tax as £224. It looks as though he is paying too much tax.

lynzpower

susplum

as an aside, if you are out of work now but have been working before, speak to te tax office to see if you are due any back?

all_hours

lynzpower wrote:

Ive put this into https://www.i-resign.com which im my experience is generally spot on, and it says that after tax & NI he should be coming out with 1055

Although if hes paying his pension then it looks about right?

I tried that one also for the gross salary.

With a monthly gross of £1,350.25 it gives £1,055.24 net paying 189 in tax.

susplum's oh earned £1539 and paid £344.87 in tax - an extra £190 income and paid extra £150 tax. That doesn't look right does it.