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Working as Contractor - 2 weeks pay processed on 1 payslip?
ILikeJam
Posts: 10 Forumite
Hi all
Thanks for taking the time to have a look.
I have recently started working as a contractor for the first time and struggling to get my head around a few things!
I was interviewed and offered a 9 month contract job with an energy company. After accepting I was put in contact with an umbrella payroll company who run the weekly payroll and who I am technically now employed by.
At the end of the first week, I wasn't paid. After kicking up a fuss with the umbrella company the payment was rushed through on Monday 12th but no payslip appeared. I was then paid again on Friday 16th - however the amount paid in was around 25% less than on the Monday.
I have now received one payslip dated 16th May with only one line on it which comes to the total of the two payments received. This explains the big drop in the second payment due to the amount I've been taxed.
I'm happy that the tax side of things will even itself out, however I would have expected either 2 payslips or at least both payments to appear as separate lines on the one payslip.
Fortunately I have no plans to do this - but if I were looking to borrow money / apply for a mortgage surely this would cause some problems?
Am I right to expect payslips for each of the 2 payments or for them to be clearly indicated on the one payslip? Or is it normal for this sort of thing to happen?
Thanks
ILJ
Thanks for taking the time to have a look.
I have recently started working as a contractor for the first time and struggling to get my head around a few things!
I was interviewed and offered a 9 month contract job with an energy company. After accepting I was put in contact with an umbrella payroll company who run the weekly payroll and who I am technically now employed by.
At the end of the first week, I wasn't paid. After kicking up a fuss with the umbrella company the payment was rushed through on Monday 12th but no payslip appeared. I was then paid again on Friday 16th - however the amount paid in was around 25% less than on the Monday.
I have now received one payslip dated 16th May with only one line on it which comes to the total of the two payments received. This explains the big drop in the second payment due to the amount I've been taxed.
I'm happy that the tax side of things will even itself out, however I would have expected either 2 payslips or at least both payments to appear as separate lines on the one payslip.
Fortunately I have no plans to do this - but if I were looking to borrow money / apply for a mortgage surely this would cause some problems?
Am I right to expect payslips for each of the 2 payments or for them to be clearly indicated on the one payslip? Or is it normal for this sort of thing to happen?
Thanks
ILJ
0
Comments
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If they are messing things up allready think about changing or going ltd if the money is enough, what is their margin.
The one I used got it right most of the time and due to the pay trail ran 2 weeks behind the work week.
The payslips came mid week cash in the bank Friday0 -
Thanks for the reply.
I would change but the company who offered me the job are in the middle of setting up an in-house weekly payroll so the umbrella company will be out of the equation soon enough.
I'm not even actually that bothered about the money side of it as it'll work out in the end and I'm fortunate enough that I can let it slide temporarily- it's just the principal of "What if I needed to borrow money?"
I have 2 pay-ins to my bank account for 2 vastly different values on 2 different days (from 2 different company names... but that's another story) and I only have 1 payslip which has both payments lumped together on one line.
Their answer was "Both payments were made in the same week so therefore it's the same payroll..."
Surely this can't be right? I would expect it to be broken down for every payment made - either into separate documents or separate lines on one document.0 -
If you need to borrow money in the near term then you are fairly stuffed by being a new contractor with a short term contract. In the longer term after you show you can secure renewals or subsequent contracts then you arent going to need to provide your very first payslip etc.0
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Cheers for the reply II.
As I say though, that's fortunately not the case.0 -
Thanks for the reply.
I would change but the company who offered me the job are in the middle of setting up an in-house weekly payroll so the umbrella company will be out of the equation soon enough.
I'm not even actually that bothered about the money side of it as it'll work out in the end and I'm fortunate enough that I can let it slide temporarily- it's just the principal of "What if I needed to borrow money?"
I have 2 pay-ins to my bank account for 2 vastly different values on 2 different days (from 2 different company names... but that's another story) and I only have 1 payslip which has both payments lumped together on one line.
Their answer was "Both payments were made in the same week so therefore it's the same payroll..."
Surely this can't be right? I would expect it to be broken down for every payment made - either into separate documents or separate lines on one document.
I think they can have any pay period(and the pay slip to go with that period) they like as long as it is multiples of weeks or months for PAYE
when you get the money is unrelated.
If thye want to do the first pay as a 2 week payslip they can.
My outfit paid me double one week by mistake and just missed the next week.
I think it should have on the payslip the week/month no. and period length.0
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