New job, better salary, but no better off.

Darksparkle

guitarist wrote: »

Hi !!!!!!, I'm taking them straight from my payslip. It wouldn't surprise me if HR/payroll here have got it wrong again... shouldn't 'taxable pay' have the personal allowance deducted? Or doesn't that 'technically' happen until you reach the threshold?

Please see my post before mugwumps with calculations.

Taxable pay doesn't deduct the personal allowance. Where it might be different is when you pay into a pension before tax is deducted or if in a salary sacrifice scheme.

guitarist

Darksparkle wrote: »

Please see my post before mugwumps with calculations.

Taxable pay doesn't deduct the personal allowance. Where it might be different is when you pay into a pension before tax is deducted or if in a salary sacrifice scheme.

Thanks Darksparkle, that makes sense. So I'm all square to date, meaning that December's pay was used to balance out a discrepancy?

Or have I got the wrong end of the stick?

Darksparkle

guitarist wrote: »

Thanks Darksparkle, that makes sense. So I'm all square to date, meaning that December's pay was used to balance out a discrepancy?

Or have I got the wrong end of the stick?

It looks like in month 8 you got a personal allowance from both employers (happens a lot when moving mid month).

I'd still query what happened to your student loans and NIC though.

guitarist

Darksparkle wrote: »

It looks like in month 8 you got a personal allowance from both employers (happens a lot when moving mid month).

I'd still query what happened to your student loans and NIC though.

Great, that makes sense - thanks Darksparkle.

I'll see if I can dig deeper with student loans - not sure where to start on NIC but I'll see what I can find!

Darksparkle

guitarist wrote: »

Great, that makes sense - thanks Darksparkle.

I'll see if I can dig deeper with student loans - not sure where to start on NIC but I'll see what I can find!

Just ask them how they worked it out.

https://www.gov.uk/national-insurance/how-much-you-pay

chrisbur

As far as tax is concerned as I said earlier it is an overlap of payments that has caused this. For this tax year you are going to get 13 payments and your tax allowance is 1/12 of the year's entitlement for each month so one payment has to go without an allowance. Your P45 was applied at month 9 so that was the month you had no tax free allowance. That is all sorted now and future payments will be with a tax free allowance.

It looks to me as if your employer has done one wage for everything due so far and then deducted what was shown for the first wage to get the details for the second. Or at least that is I believe what they intended to do. As far as the NI is concerned it looks like they did their sums wrong but anyway it should not have been done like this but as two desperate calculations for each payday. Whatever the reason the NI is under what it should be so I would be inclined to forget about that.
The student loan appears to have been worked out on the sum of the two wages or at least very close to it but no account has been taken of the £47 paid in the first month. This then raises the question of what is actually due. You get an allowance for the year before any repayment is due and this is shown as a yearly, monthly and weekly figure. You had two monthly payments due so should you get two monthly allowances; if you do you will be getting 13 monthly allowances for the year instead of 12. I have no idea what the answer is but either way you were overdeducted by at least £47 possibly more if you are entitled to the 13 allowances.

dacouch

I think Martin Lewis (Site owner) is personally financing a legal challenge to Student Loans.

Might be worth getting in contact with him as he may be interested in your case

dawyldthing

If you put your amount gross into listentotaxman you'll find out the normal deductions. There's also an option for the student loan too

guitarist

Hi all, for completeness, I thought I'd post an update now that I have my January payslip.

This month it all seems to be in order -
Basic Pay: £2,666.67
Tax (1060L): £356.60
NI (Cat A): £239.36
Student Loan: £109

That's much more like it and is in line with what the posters here were saying, so thank you every who has had an input for your advice.

The only thing left is for me to get the rebate on last month's overpayment of tax. I gathered it was one of those things that sorts itself out, but I'll be in touch with my employer to see what's happening - whether they have to do something, or if I have to just wait.

Thanks again all!

chrisbur

guitarist wrote: »

Hi all, for completeness, I thought I'd post an update now that I have my January payslip.

This month it all seems to be in order -
Basic Pay: £2,666.67
Tax (1060L): £356.60
NI (Cat A): £239.36
Student Loan: £109

That's much more like it and is in line with what the posters here were saying, so thank you every who has had an input for your advice.

The only thing left is for me to get the rebate on last month's overpayment of tax. I gathered it was one of those things that sorts itself out, but I'll be in touch with my employer to see what's happening - whether they have to do something, or if I have to just wait.

Thanks again all!

I doubt very much if there has been any overpayment of tax. As advised earlier I believe that the apparent higher tax deduction was caused by you receiving two payments in the same tax period.
To confirm this if you can give the gross to date and tax paid to date from the payslip you last had (mentioned in your quoted post) then your tax position can be checked.