Payroll made a big mistake

chrisbur

GreenGreenGrass-of-home wrote: »

Chrisbur, if you think both figures are low, then it is difficult to take you seriously.

I might be happy to divulge details, provided you are a professional.

I cannot in all honesty say that I am a professional so will bow out of this one. Best of luck getting it sorted.

xHannahx

GreenGreenGrass-of-home wrote: »

I've no idea. Is it relevant?

Do bear in mind that it's the same every month.

The pension percentage is very relevant.

From the figures earlier in the post, with
0% Pension he has been overpaid by £11747
5% pension £11183
10% pension £10619

All approx calculations, assuming no other tax friendly benefits, and no student loan payments etc.

Your hubby's calculation looks about right on the assumption he has a 10% pension contribution.

Ronaldo_Mconaldo

This happened in April? When did it all come to light?

chrisbur

xHannahx wrote: »

The pension percentage is very relevant.

From the figures earlier in the post, with
0% Pension he has been overpaid by £11747
5% pension £11183
10% pension £10619

All approx calculations, assuming no other tax friendly benefits, and no student loan payments etc.

Your hubby's calculation looks about right on the assumption he has a 10% pension contribution.

Interesting, any chance of sharing the details of your calculation?
I appreciate that they are approximate but a rough idea would be great.


So far we have three calculations ( one from the employer, one from the employee and now yours) but no-one has shown how the figures were arrived at.

Takeaway_Addict

GreenGreenGrass-of-home wrote: »

Chrisbur, if you think both figures are low, then it is difficult to take you seriously.

I might be happy to divulge details, provided you are a professional.

Rudeness always helps...

getmore4less

Do you agree on the gross overpayment number?

getmore4less

GreenGreenGrass-of-home wrote: »

Chrisbur, if you think both figures are low, then it is difficult to take you seriously.

I might be happy to divulge details, provided you are a professional.

Without the rest of the numbers no one has a chance.

edit: below is obvious nonsense for the 22k line

looking at the basic calc for tax and NI. month 1

on standard tax code.

gross...........tax...............ni...........net
[STRIKE]£22,782.34...£11795.97...£844.92...£16141.45
[/STRIKE]

£22,782.34...£9095.97...£724.92...£12961.45
£2,278.24.... £288.98.......£193.83..£1795.43

[STRIKE]net over is £14,346.02[/STRIKE]

net £11166 difference( on month 1 you loose the personal allowance and get some taxed at 45%)

So both the company and yours are [STRIKE]wellunder[/STRIKE] different as has been pointed out allready needs more info.

chrisbur

getmore4less wrote: »

Without the rest of the numbers no one has a chance.

looking at the basic calc for tax and NI. month 1

on standard tax code.

gross...........tax...............ni...........net
£22,782.34...£11795.97...£844.92...£16141.45
£2,278.24.... £288.98.......£193.83..£1795.43

net over is £14,346.02

So both the company and yours are well under as has been pointed out allready.

Not 100% confident of the figure for £22782.34

getmore4less

chrisbur wrote: »

Not 100% confident of the figure for £22782.34

thanks

woops, don't know what I put in to get those obviously wrong numbers

gross...........tax...............ni...........net
£22,782.34...£9095.97...£724.92...£12961.45
£2,278.24.... £288.98.......£193.83..£1795.43

net £11166 difference

Fixed the other post( I hope)

CathA

One thing to know, if you have paid NI on one figure, for example £1000 and it should have been £100, you can't get a refund. I had this once when I was overpaid; working out the correct figure I should have been paid was easy and if repayment is done in the same tax year, the tax element corrects itself. However, my argument with payroll is that I was overpaid x amount, and paid NI on it, but they wanted all of it back and that the extra NI I paid was just too bad. Admittedly it was a small amount, but on your sort of money....?!! Good luck.