Confused about pay

Bunnie_owl

Hi I'm new so sorry
I get paid every 4 weeks, which I thought meant I get paid for 13 months a year instead of 12, which when I work that out to find out my hourly pay (which I know what it is) from my annual pay using the equation, annual pay/hours worked annually = hourly rate if I do it as 56 weeks a years worth of hours shows I'm payed 0.52p less than what im actually paid, however if I work it out at 52 weeks it's correct. What I'm trying to say is, does this mean I'm only paid for 12 months?
Also and this really annoyed me and hasn't made sense for ages but I'm bad at maths so assumed it was me. I was going through my wage slip and was working out my money (lots of calculator work) and I've noticed that my basic pay doesn't match the hours and pay that I do every 4 weeks, I did it as hours x pay x 4 and the difference was £75.36 between what I got and what is on my wage slip (this is all before tax). At this point I must say I'm frustrated and really, really need a lot of help
Thank you for reading I know the grammar is probably awful, all this maths has given me a headache lol
Thank you

[Deleted User]

Yes this means you're paid every 4 weeks and for 12 months.

Are you saying e.g. you worked 140 hours but only got paid for 120?

masonic

There are 52 weeks in a year, during which time you should have received 13 payslips. I don't understand where 56 weeks comes into it.

Nebulous2

You need to give a bit more detail, so we can work out what is going on. Giving figures would help. Does your employer give your wages as an annual figure or as an hourly figure?

If it is an annual figure, divide it by 52 and then again by the hours you work in a basic week to get your hourly rate.

Multiply the weekly figure by 4 and that figure should be the same as the basic pay you get for 4 weeks.

So if you get £20,800 per year, divide this by 52 = £400, so you get £400 per week. Multiply this by 4 and that will give you £1600, which is what you get per 4 weeks. If you work a 40 hour week, dividing £400 by 40 gives you £10 an hour.

I've used round figures to simplify the calculation - in practice it wont be quite as simple as this - however you certainly shouldn't get a difference of £75.36 per 4 weeks.

If you post the figures here, we'll say whether we think there is a problem or if everything looks okay.

Bunnie_owl

I work 32.25 paid hours a week at £7.39 an hour, I. Paid every 4 weeks and my most recent pay slip for 08/05/15 saw my basic pay at £877.95. I do got get extras as I get a premium for Sunday's and 2 hours night pay a week but they are written down as such on the wage slip and do not come under the basic pay.
Sorry if I confused anyone before or now

Cycrow

just to be clear, you are not being paid for 13 months. You are being paid for 12 months, but split into 13 payments, as each payment is slightly less than a month.

so your annual pay is for 52 weeks.


32.25 hours @ £7.39 = £238.33/week
4 weeks should be £953.32
annually should be £12393.03

is the basic rate the same on each payslip ?

is the basic rate shown as net or gross ?
it seems to be net

Bunnie_owl

No the basic pay changes every pay month, I believe its gross pay we get a net pay amount at the end of our wage slips which includes all out extras and the deductions.
It's gone from 13/02/15 was;
Basic pay £667.33
Holiday pay £318.42

First month without holiday pay was 10/04/15
Basic pay 762.66

And then obviously this month it was 877.95

aled247

Sorry this doesn't make sense after reading it through 3-4 times. Could you maybe start again and explain from the very beginning what the issue is?
Go onto google and type salary calculator, it is first link and the page is red. Then click hourly wage on left hand side.
Type in your details and let us know if it matches your pay slip, you can even select 4 weekly.

aled247

Apologies but Cycrow has already done the maths from that site and his figures are correct 'see above'.

On my pay slip (which I am also paid 4 weekly) I have the following:

On the left side:
Payments: Hours Amount

Basic Pay 156.00 xxxxxx
Overtime 3.00 xxxxxx
Bank Hol Prem xxxxxx


On the right side:
Deductions Amount

Tax -xxxxx
NI -xxxxx
Pension -xxxxx


Then has net pay in bottom right (how much money after everything they will give me)

Is yours like this?

Bunnie_owl

3 columns, left, middle, right
Left;
Basic pay
Bank holiday
Premiums
Pension (taken from wages lovely people)

Middle
Deductions
Tax
Ni contributions

Right
Totals to date

Bottom is net pay and holiday entitlement info

Bunnie_owl

Ok so I am paid £7.39 ph , I work 32.25 paid hours a week, I get paid every 4 weeks.
I have worked out my 4 weekly gross pay to be £953.31. I got to this by doing; 32.25 x 7.39 x 4 However my basic gross pay on my wage slip is only £877.95
I also get an ni employee rebate on each wage slip this one was £2.41 (unsure of why I get this to be honest) but that is not included in my basic pay it contributes to my non taxable pay