How earnings are worked out.

stressederic

Hi again all,

Got my P60 today and have seen how much I've earned this last year.

I will be getting my mortgage with Nationwide, who I bank with so they know how much I get paid.

I am on an hourly wage and work 4 days on 4 days off average 14-16 shifts a month. I worked a lot of overtime during xmas and new year so on my P60 it shows that I'm on a lot more than I am contracted to work. How do they work out how much I earn? It doesn't show on my payslips as other time either. I do get £100 - £150 a month bonus as well, this isn't guaranteed but I have consistently earned it for the last year, this does show on my payslip as a bonus.

How is it all worked out?!?! ahhh :mad:

ACG

I think they will only take half of the overtime/bonus.
They will average your hours out over the last 3 months I think and multiply that by 12... I think.

Ask Nationwide Best chance of getting the right answer that way.

stressederic

Thanks ACG, I am going in to see them in May.. just getting nervous now.

I get a pay rise this month too just to add to the confusion.

betmunch

If you get a letter from your employer stating what the pay rise will do to your yearly salary then that will take away all confusion