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Payslip Query / Childcare Vouchers
Lisa1978
Posts: 317 Forumite
Hi All,
When i enter my figures into the tax home salary calculators it always seems i am paying too much tax and earning less Nett pay. Can someone please advise. I'm unsure if its because i am a higher tax payer and therefore my childcare vouchers are split (£124 non taxed) plus £119 taxed = £243/month vouchers. Also unsure if pension contributions are being collected correctly. My employers pays 4.5% and me 3.5% = 8% total.
Below is payslip for month 5, August.
Gross £4,340.00
Tax £657.40
NI £414.74
Pension Contributions 3.5% £105.00
Childcare Voucher £124.00
Adj from salary (childcare) £119.00
Healthcare £41.50
Total Nett this month £2,878.36
Tax Code is 1211L
Thanks!
When i enter my figures into the tax home salary calculators it always seems i am paying too much tax and earning less Nett pay. Can someone please advise. I'm unsure if its because i am a higher tax payer and therefore my childcare vouchers are split (£124 non taxed) plus £119 taxed = £243/month vouchers. Also unsure if pension contributions are being collected correctly. My employers pays 4.5% and me 3.5% = 8% total.
Below is payslip for month 5, August.
Gross £4,340.00
Tax £657.40
NI £414.74
Pension Contributions 3.5% £105.00
Childcare Voucher £124.00
Adj from salary (childcare) £119.00
Healthcare £41.50
Total Nett this month £2,878.36
Tax Code is 1211L
Thanks!
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