New job, better salary, but no better off.

guitarist

Hi chrisbur, here are the figures:

Tax year to date
Gross pay: £23,906.91
Taxable pay: £23,906.91
Tax: £3013.20

I can also provide the figures for this employment and previous employment if that will help?

Many thanks for your help

Darksparkle

guitarist wrote: »

Hi chrisbur, here are the figures:

Tax year to date
Gross pay: £23,906.91
Taxable pay: £23,906.91
Tax: £3013.20

I can also provide the figures for this employment and previous employment if that will help?

Many thanks for your help

Looks fine to me.

chrisbur

guitarist wrote: »

Hi chrisbur, here are the figures:

Tax year to date
Gross pay: £23,906.91
Taxable pay: £23,906.91
Tax: £3013.20

I can also provide the figures for this employment and previous employment if that will help?

Many thanks for your help

As Darksparkle says the tax is correct for this gross as at month 10. You could just check that earnings for last employment and this employment do add up to the gross pay to date but an error here is very unlikely. As I said before the apparent high tax was caused by two payments in the same tax month so one of them had no tax allowance to set against it. Your tax allowance is divided into 12 for the year and you will have had thirteen payments; one has to pay 20% tax on all of it as it gets no tax free allowance.

guitarist

chrisbur wrote: »

As Darksparkle says the tax is correct for this gross as at month 10. You could just check that earnings for last employment and this employment do add up to the gross pay to date but an error here is very unlikely. As I said before the apparent high tax was caused by two payments in the same tax month so one of them had no tax allowance to set against it. Your tax allowance is divided into 12 for the year and you will have had thirteen payments; one has to pay 20% tax on all of it as it gets no tax free allowance.

That makes perfect sense, thank you very much for your help - I'm very grateful!

guitarist

Darksparkle wrote: »

Looks fine to me.

Thanks to you too, Darksparle - much appreciated!

xapprenticex

cant believe you're on 32k and early only a little more than me. That student loan is a killer, how many decades till its paid off?


OIhh seen update, good on ya : )

jcrooks89

For student loans taken out before 2012, you now have to earn £17,335 before you start repaying. So you should be repaying £1319.85 per year (£109.99 per month).