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Surprising payslip!
Any thoughts anyone? Much appreciated.
Comments
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What tax code ? This is M2 so you will have 2/12ths of the annual tax free allowance set against pay.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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Just received my first monthly payslip, for under £1k
Even if you were being taxed on the emergency basis then you can earn £988 each month before any tax would be deducted.0 -
1185L. It’s a mystery... this is my first payslip in this employment.. I haven’t worked since leaving last job in first week of April. Any thoughts appreciated..0
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1185L. It!!!8217;s a mystery... this is my first payslip in this employment.. I haven!!!8217;t worked since leaving last job in first week of April. Any thoughts appreciated..
As molerat says - this is month 2, so as you haven't worked before so far this tax year you will have both April and Mays PAYE tax allowance - thats 2 x 11,850 / 12 = £1,975.
So you could have earned up to this amount before paying tax.0 -
you have been told what has happended1185L. It’s a mystery... this is my first payslip in this employment.. I haven’t worked since leaving last job in first week of April. Any thoughts appreciated..
the tax year starts from 6 April each year. This is your first job in it, so you have unused tax free allowance b/fwd to May0 -
Hopefully you aren't teaching anything involving maths ?0
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Out of interest do you have any other source of income ?
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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No other income, just limping along..
Though a friend (on a low wage themselves) has just told me that my agency may be forecasting that I’ll earn less than my annual allowance while with them, so are not taxing me quite deliberately for now, and will only begin to do so if I go over my allowance. That makes sense to me, even though it hasn’t ever happened to me before (I’ve always had a higher income before).
Thanks for your comment.0 -
You are allowed £988.26 per month tax free and you have a spare months worth in hand from April.
Tax due each month is calculated as total earnings year to date - total (monthly cumulative) tax free year to date = taxable amount year to date = tax due year to date - tax paid year to date = tax due this month.Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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Thank you for a really clear reply. I should be able to forecast from now on.
Best wishes0
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