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.
Final pay calculation query

Nixer
Posts: 333 Forumite
I left my job on 9th August and have been paid today (I'm paid on the last working day of the month and work full time M-F). I believe the amount is incorrect so want to check how it should be calculated before I query it, in case I am wrong, would appreciate any help from people who know how to do payroll as I am just guessing.
To work out what I should have been paid I divided gross annual salary by 260 (which is 52 *5) to get a daily rate and then multiplied that by number of days worked in August plus untaken accrued leave (7 + 3).
I don't have a payslip yet so I don't know the gross amount, I only have the figure paid into my bank i.e. the net. I put that into an online salary calculator to calculate the gross (there's only NI and tax deducted, no pension or anything like that) figure, but that didn't match the figure I'd worked out in my second para.
I then tried dividing gross annual salary by 12 and then by 22 (working days in Aug 2013) to get a different daily rate and then multiplied by 10 as before and that doesn't match either.
So are both my methods incorrect?
To work out what I should have been paid I divided gross annual salary by 260 (which is 52 *5) to get a daily rate and then multiplied that by number of days worked in August plus untaken accrued leave (7 + 3).
I don't have a payslip yet so I don't know the gross amount, I only have the figure paid into my bank i.e. the net. I put that into an online salary calculator to calculate the gross (there's only NI and tax deducted, no pension or anything like that) figure, but that didn't match the figure I'd worked out in my second para.
I then tried dividing gross annual salary by 12 and then by 22 (working days in Aug 2013) to get a different daily rate and then multiplied by 10 as before and that doesn't match either.
So are both my methods incorrect?
0
Comments
-
A common method is to take the day you left so 9/31 x monthly salary = pay for August.
I am not sure about common methods of calculating untaken holiday. Maybe the first of your daily calculations.But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
OP how long is the pay period? Just because you get paid on the last day of the month don't mean its pay up to that date however
Have you got more or less £?We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
Pay period, I've always been paid monthly on the last working day of the month.
I have less than I expect (between half a day to a day less) and they also look to have completely missed a lump sum payment for being on call, but it's impossible to tell what they've done without seeing a payslip or a breakdown of the calculation so I will have to write to them.0 -
OP
You can be paid monthly but say pay day was the last working day of the month the cut off my be something like the 20th that's what I meant by pay period.
Did you have any unpaid time off in July? Sick days etc?We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.9K Banking & Borrowing
- 252.4K Reduce Debt & Boost Income
- 452.7K Spending & Discounts
- 241.8K Work, Benefits & Business
- 618.4K Mortgages, Homes & Bills
- 176K Life & Family
- 254.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards