How much do I get paid?

AleksandraK

I would like someone's advice before I go and speak to my employer.

While ago (January 2016) was given a pay rise to £22,000/year

Then a short while ago applied for a first mortgage and when my mortgage broker calculated my salary it came I only get paid £20,997/year
On my actual P60 for 2016/2017 total is £19002.60
Tax code 1100L
Weekly pension contribution is £2.92
My hourly rate is £13.46 and I work 30 hours a week
My weekly pay is £333.25 and it's always the same, no overtime ever.

I'm now confused how much do I actually get paid? Can anyone help and advise if there is a point of me going and speak to my employer?

RichardD1970

According to this site your mortgage company is right.

Put your figures in and see what you get.

AleksandraK

Thank you, Richard.

Any idea where does the £19002.60 on my P60 come from then?

p00hsticks

AleksandraK wrote: »

My hourly rate is £13.46 and I work 30 hours a week
My weekly pay is £333.25 and it's always the same, no overtime ever.

30 x £13.46 is £403.80 - is the £333.25 figure you quote after deductions ? (tax, NI, pension)

dawyldthing

Type in your weekly pay into listentotaxman.com it will work out tax, national insurance and yearly pay

AleksandraK

“
My hourly rate is £13.46 and I work 30 hours a week
My weekly pay is £333.25 and it's always the same, no overtime ever.
Originally posted by AleksandraK
”30 x £13.46 is £403.80 - is the £333.25 figure you quote after deductions ? (tax, NI, pension)

yes, it's after deductions

jobbingmusician

If you have a letter from your employer saying your annual pay is £22k then yes, it is worth speaking to your employer, as they are only paying you (just under) £21k!

t0rt0ise

The total for the year on the P60 is gross minus pension contributions. Are you really only paying a couple of quid for a pension? That's very low.

TyreLever

t0rt0ise wrote: »

The total for the year on the P60 is gross minus pension contributions. Are you really only paying a couple of quid for a pension? That's very low.

**** me how much are we supposed to pay for pensions? Lets say that when I retire I want the same amount paid to me as my average wage was. How much of my wage would I need to pay in pension contributions to receive that? Base it on a 30 year old expecting to retire at the standard retirement age, whatever that is, 127 most probably by the time I retire.

dawyldthing

TyreLever wrote: »

**** me how much are we supposed to pay for pensions? Lets say that when I retire I want the same amount paid to me as my average wage was. How much of my wage would I need to pay in pension contributions to receive that? Base it on a 30 year old expecting to retire at the standard retirement age, whatever that is, 127 most probably by the time I retire.

I believe they say start with half your age as a percentage into a pension, but I'm not bothering as give it another 20 years and I can't see them existing for anyone in all honesty as the pots being emptied quicker than its being filled

Aced2016

Maybe your increase didn't take place right away. It was maybe applied later in the year which would explain the shortfall. Speak with HR though to clarify it for you.