Salary Questions

Peardrop1981

Hi folks I'm new to this and hoping someone can help me figure out what my pay would be (Net Pay) in relation to working less hours. I work with local government and
I did phone HR and they were somewhat helpful but couldn't advise what my take home pay would be.
I am on maternity pay just now and think I will struggle going back to full time hours however not sure if I can afford it.
My salary at the moment annually is £18,431.15 (working 35 hours per week)
On my payslip reductions are Paye -£103.40 National Insurance -£98.65 Pension 5.5% -£77.77 which leave my take home pay every 4 weeks as Net £1,155.02
Now......I want to reduce to 3 days per week at 21 hours and my salary would be £11,058. I dont know what my net would be or if I would be taxed on it...Can someone help??
Many thanks in advanced...:j:T

agrinnall

Put your figures into a calculator such as http://www.thesalarycalculator.co.uk/salary.php.

It doesn't include a 4-weekly pay option but you can simply multiply the weekly figure by 4. It's likely that you'll pay no tax and a small amount of NI, and that your take home pay would be approximately £776 per 4-weeks (the figure may differ slightly if your tax code is not the standard one or if the pension contribution percentage is different for a lower rate of pay).

Dazed_and_confused

Next time you speak to HR ask them when they're going to pay you monthly, much easier for budgeting (though if you can manage to make 4 weeks pay last a month you do get a nice bonus once a year!!)

Undervalued

agrinnall wrote: »

Put your figures into a calculator such as http://www.thesalarycalculator.co.uk/salary.php.

It doesn't include a 4-weekly pay option but you can simply multiply the weekly figure by 4. It's likely that you'll pay no tax and a small amount of NI, and that your take home pay would be approximately £776 per 4-weeks (the figure may differ slightly if your tax code is not the standard one or if the pension contribution percentage is different for a lower rate of pay).

That answers the OP's question.

However, one other point (which you may already be aware)....

Your firm may be quite happy for you to reduce you hours / days in which case fine. Keep in mind though that you would lose the right to go back to full time in the future (although of course they may be willing to let you).

However, your right is to your original job back so the firm could say it is all or nothing. Any variation is a matter for negotiation.

You have the right to request flexible working and the firm must consider it. However it is fairly easy to reject such requests on "business grounds".

YorkshireBoy

agrinnall wrote: »

Put your figures into a calculator such as http://www.thesalarycalculator.co.uk/salary.php.

It doesn't include a 4-weekly pay option

It does, but not as a default. You need to tick the "4-weekly" box just under the 'Go' button.

Peardrop1981

Thanks for your replies because I work for local government they probably would accept my request for savings on their budget but I need to know what my net pay would be. Thank to the person who replied with the 776 figure I thought it would be roughly £800 every 4 weeks. It's a shame HR can't give me this info before applying right enuf.
Does anyone know in relation to going part time is it best to wait until the new financial tax year so I don't get taxed on my new partition hours salary of £11058 per annum? Because I may have earned my tax band this year
All replies greatly appreciated :T

Dazed_and_confused

I doubt any HR department would want to get involved to be honest because part of the answer is at the whim of your tax code.

What if they said £800 every 4 weeks then the tax office changed your tax code (for a valid reason) and your take home suddenly became £700. Not HR departments fault but you'd be a bit aggrieved.

If your tax code is 1150L then you wouldn't pay any tax from now on but would get tax refunded via your wages over the course of the next few months.

HMRC have a NIC calculator on the gov.uk website not sure if it does 4 weekly pay though.

Kynthia

No HR is going to calculate your net pay. It's not their job, they aren't payroll and dont have the software, they don't know what other deductions you might have, your tax is determined by the HMRC and can change based on factors external to your work.

I'd expect them to help you calculate your gross pay and new annual and bank holiday leave if you were struggling to do so yourself using the published guides on the intranet (presuming your workplace has these).

TELLIT01

The personal allowance for the year is £11,500 so, assuming your HR/payroll department has been taxing you correctly so far this year, I don't think you should be paying any more tax.

agrinnall

YorkshireBoy wrote: »

It does, but not as a default. You need to tick the "4-weekly" box just under the 'Go' button.

Thanks for that, I've been using it for years and never noticed that (not that I've ever been paid 4-weekly, and I think this is the only time I've ever done a calculation for that pay period anyway).

Takeaway_Addict

Peardrop1981 wrote: »

Thanks for your replies because I work for local government they probably would accept my request for savings on their budget but I need to know what my net pay would be. Thank to the person who replied with the 776 figure I thought it would be roughly £800 every 4 weeks. It's a shame HR can't give me this info before applying right enuf.
Does anyone know in relation to going part time is it best to wait until the new financial tax year so I don't get taxed on my new partition hours salary of £11058 per annum? Because I may have earned my tax band this year
All replies greatly appreciated :T

HR don't work for you....