We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Working out my salary from a p60?

jason589
jason589 Posts: 24 Forumite
edited 1 July 2012 at 6:15PM in Budgeting & bank accounts
Hello, is it possible to see what I am actually paid annually by a P60?
The reason I ask is that I work a full week but I have two jobs part time. My contracts are for full time which is misleading when it comes to pay.

I have noticed on both of my P60's that it says:
Pay and Income Tax Details:
Job one: In this employment total for this year: £16140.00
Job two: In this employment total for this year: £10135.08

Do I simply add these two together to work out what I have been paid last financial year?

Comments

  • anselld
    anselld Posts: 8,707 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes, but total includes any overtime etc as well as basic salary.
  • dazza.mk
    dazza.mk Posts: 1,927 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    anselld wrote: »
    Yes, but total includes any overtime etc as well as basic salary.

    If you don't have a Salary Sacrifice in your wage packet (ie Pensions, Childcare Vouchers).

    Otherwise Total Pay - Salary Sacrifice (Pension, Childcare Vouchers) = P60 Taxable Pay
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    well

    P60 doesn't need to include occupational pensions contributions whether salary sacrifice or not.


    surely you have your payslips? The march ones will show your total pay to date (i.e the whole year) for that job.
  • jason589
    jason589 Posts: 24 Forumite
    Hmm, thanks for your posts. It is very strange. If I add the two amounts up; 16140.00 + 10135.08 it comes to £26275.08
    However, I was of the belief that I was on something a lot closer to 30k.

    I have used the following site: thesalarycalculator.co.uk
    To try and get an understanding of what I should be getting and things don't match up. Monthly, after taxes, I am getting almost £1785. According to the site above, I would be on around 28000 to be getting that after taxes.
    I don't have Salary Sacrifice, Childcare, Vouchers but I do have a pension with one job.

    Thanks for your input.
  • mgdavid
    mgdavid Posts: 6,710 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jason589 wrote: »
    ....... but I do have a pension with one job.
    ......

    this, coupled with post #4 will explain the difference.
    The questions that get the best answers are the questions that give most detail....
  • jason589
    jason589 Posts: 24 Forumite
    Ah thanks, I think I missed that post. I will check my March pay slips when I get a moment.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.