We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Overstating how much you earn when applying for a job.

Can overstating your salary come back and bite you in your backside, when you start a new job?
«134567

Comments

  • Nick_C
    Nick_C Posts: 7,631 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Yes. Your new employer will be able to see what you were previously earning from your P45. When they discover your are dishonest, they may decide to sack you.
  • ohreally
    ohreally Posts: 7,525 Forumite
    1,000 Posts Combo Breaker
    The new employer doesn't require s P45.
    Don’t be a can’t, be a can.
  • JoshyBoy_2
    JoshyBoy_2 Posts: 104 Forumite
    Eighth Anniversary Combo Breaker
    I assumed it was fairly common to exaggerate your current salary if asked.

    It's the first time I've done so, I exaggerated by £2k P/A.
  • Undervalued
    Undervalued Posts: 9,780 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    JoshyBoy wrote: »
    Can overstating your salary come back and bite you in your backside, when you start a new job?

    Well, technically it is fraud! So, yes it potentially could.

    You have lied in order to secure a financial advantage. How dim a view the new employer takes is up to them.
  • TELLIT01
    TELLIT01 Posts: 18,254 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper
    Calling it fraud is stretching it a bit I think. A prospective employer doesn't have to match or beat the existing salary. If questioned about the figure it might be possible to claim that you stated the top of the salary band as that is the max you could earn in the role.
    The new employer doesn't need the P45 but they can still see YTD earnings when the HRMC figures are used for tax calculation. Many employers will request a P45, if available, as it's the simplest way to ensure the correct tax is being paid.
  • JoshyBoy_2
    JoshyBoy_2 Posts: 104 Forumite
    Eighth Anniversary Combo Breaker
    To be fair, I do get a bonus every six months, which would take my earnings close to the figure I stated, but I don't consider that to be a salary, as it's not guaranteed.
  • Nick_C
    Nick_C Posts: 7,631 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    I think it's fair and honest to include the bonus in stating what you earn, and if (it's unlikely) your new employer did notice a discrepancy between your year to date earnings and your stated salary, this would be a reasonable explanation.

    In future though, I wouldn't recommend making any inaccurate statements when applying for further jobs.
  • tea_lover
    tea_lover Posts: 8,261 Forumite
    If your bonus takes you near to the figure you've given then I wouldn't worry too much.

    I understated my salary on the last application I made, as I didn't want to price myself out of the running.
  • Undervalued
    Undervalued Posts: 9,780 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    TELLIT01 wrote: »
    Calling it fraud is stretching it a bit I think. A prospective employer doesn't have to match or beat the existing salary. If questioned about the figure it might be possible to claim that you stated the top of the salary band as that is the max you could earn in the role.
    The new employer doesn't need the P45 but they can still see YTD earnings when the HRMC figures are used for tax calculation. Many employers will request a P45, if available, as it's the simplest way to ensure the correct tax is being paid.

    I did say "technically"!

    Telling a prospective employer that you won't accept the job below a salary of £X is fine and 100% legal.

    Telling them you currently earn £Y when that is not true is, as I said, fraud. It used to be a separate offence called "Obtaining a pecuniary advantage by deception". It is no different to falsely claiming to have experience or particular qualifications. It is very unlikely, in most circumstances, that you would be prosecuted but it can and sometimes does happen.
  • Don't talk in terms of salary ever - talk in terms of 'package'

    Bonus, car allowance, laptop, phone, pension, bonuses, share schemes, other perks ect

    If you put a hard figure on your 'base salary' and lie about it, it can come back and bite you.

    You get around this by being fuzzy about the 'value' of your package - and be explicit in that you are "looking for a salary over £xK"
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.