Earning for NI TD - Payslip Question

Mannystk

Hi,

Dont know if this is the right section for this.

Basically i was looking at my Payslip and i understand how it is all calculated but i dont understand how my Earnings for NI is worked out.

Looking on my Payslip i can see that my Gross pay for Tax TD and my Earnings for NI TD are different - But only by a few pounds.

Can anyone explain how it is worked out for £1,560 gross a month, Tax code 1000L ?

Mannystk

No i do not.

I think you may be confused about what i am asking.

I am trying to understand why is the amount of my Income that is calculated for NI different than the one for that is for Tax, it is only very slightly different.

Just wanted to know how it was calculated so i can understand the difference

chrisbur

Might be because you had some earnings over the upper earnings limit, or your NI is being done on the tables. If you can give the exact figures showing on your payslip and then the individual weekly or monthly earnings and NI that make up that figure can advise better.

keep_calm_and_carry_on_2

Mine's the same. I don't have exact figures for the end of year, but as of 04/04/14, my total gross pay was £8712, Earnings for NI was £9455. At that point, i'd paid £211 NI.

I have 2 jobs, earning roughly the same in each. I don't pay NI on my 2nd job.
Been trying to figure this one out too, o.p.

agrinnall

I'm not completely sure what you're asking but I'd be fairly confident that your confusion is due to that fact that while tax is cumulative NI is charged purely on your earnings in each week or month, so if you earn a lot one week you'll pay a lot of NI and it won't get refunded in later weeks, unlike tax.

keep_calm_and_carry_on_2

agrinnall wrote: »

I'm not completely sure what you're asking but I'd be fairly confident that your confusion is due to that fact that while tax is cumulative NI is charged purely on your earnings in each week or month, so if you earn a lot one week you'll pay a lot of NI and it won't get refunded in later weeks, unlike tax.

I think I speak for the op as well as myself when I say, what we want to know is, why would the "earnings for NI" be higher than the "gross pay"??

Mannystk

All my payslips have had the following on them;


Total Gross PAY TD
Gross for Tax TD
Tax Paid TD
Earnings for NI TD
National Insurance TD


Just looking at one of my old payslips for example it said:
Gross for Tax TD £388.13
Earnings for NI TD £388.00

I dont understand why it is 13pence less lol

chrisbur

Mannystk wrote: »

All my payslips have had the following on them;


Total Gross PAY TD
Gross for Tax TD
Tax Paid TD
Earnings for NI TD
National Insurance TD


Just looking at one of my old payslips for example it said:
Gross for Tax TD £388.13
Earnings for NI TD £388.00

I dont understand why it is 13pence less lol

Only the whole pounds are recorded.

keep_calm_and_carry_on_2

blondebubbles wrote: »

Can't think of any reason unless you have tax relief for example through a pension but the OP doesn't pay into one.

Does your payslip actually show a separate entry for gross pay and earnings for NI? I've never seen one that has that. Mines has gross pay then taxable pay.

Have you asked your employer?

Yes, theres 2 separate entries. I don't pay into a pension, but like I said, I have a second job paying around the same as the first job. Would this be why?
I asked my boss, but she seemed as clueless as me TBH. Their accountant does the wages.

chrisbur

keep_calm_and_carry_on wrote: »

Yes, theres 2 separate entries. I don't pay into a pension, but like I said, I have a second job paying around the same as the first job. Would this be why?
I asked my boss, but she seemed as clueless as me TBH. Their accountant does the wages.

If your second job has any connection with your first job then NI may well be calculated on the sum of your earnings from the two jobs. As with the other OP querying NI some exact figures would help understand what is happening. Can you give full details from both payslips for one week?

keep_calm_and_carry_on_2

chrisbur wrote: »

If your second job has any connection with your first job then NI may well be calculated on the sum of your earnings from the two jobs. As with the other OP querying NI some exact figures would help understand what is happening. Can you give full details from both payslips for one week?

My jobs are in no way connected. Here are the end of April figures (from payslips)

Job 1 (paid weekly)
Total Gross pay TD £8712.23
Gross for Tax TD £8712.23
Tax Paid TD £0
Earnings for NI to date £9455
NI TD £211.98

Job 2 (paid 4 weekly)
Taxable Pay TD £4980.13
Tax paid TD £996
NI Cat A Employees Contribution £8.18
NI Cat A Employers Contribution £11.44
NIable earnings £4007