Help understanding payslips

cts_casemod

Not sure I'm just being silly, so just though it would be better to ask here:

During my employment with Spring Personnel, I was paid as below:

Total declared earnings were 376+789.60+1240.80 = £2406.40

I was under the assumption that to calculate the 'take home' amount I would just deduct NIC and Tax, but the amounts I received are 274.28+899.71+574.25 and I'm not sure how these were calculated. As far as I know I wasn't enrolled on a private pension scheme

Do these look correct?

unforeseen

Yes they are correct

Gross pay - tax - EE NIC = net pay

cts_casemod

I assume you meant my way to calculate them was correct. My query is on the actual amounts received.

I had 3 payments

1st
£376 - 75.20 - 56.88 - 26.52 = £217.14 -> I was paid 274.28

2nd
798.60 - 157.80 - 123.46 - 57.55 = 459.79 -> I was paid 574.25

3rd
1240.80 - 248.00 - 199.74 - 93.09 = 699.97 = I was paid 899.71

The maths dont really add up. Why?

ViolaLass

What are the three things you're subtracting in your calculations? Tax, NI and ..?

chrisbur

cts_casemod wrote: »

I assume you meant my way to calculate them was correct. My query is on the actual amounts received.

I had 3 payments

1st
£376 - 75.20 - 56.88 - 26.52 = £217.14 -> I was paid 274.28

2nd
798.60 - 157.80 - 123.46 - 57.55 = 459.79 -> I was paid 574.25

3rd
1240.80 - 248.00 - 199.74 - 93.09 = 699.97 = I was paid 899.71

The maths dont really add up. Why?

To get your net pay you need to take the gross and deduct the employee NI (the EE NIC column) and the tax figure, you are also deducting the Total NIC column which is the employee's plus the employer's national insurance.

cts_casemod

chrisbur wrote: »

[...] you are also deducting the Total NIC column which is the employee's plus the employer's national insurance.

Thanks, I got it now!