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492800
Posts: 192 Forumite
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It's not impossible but without any payslip details it's difficult to know one way or the other.0
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I find that every 3-4 of months my pay is around 20p different, this is something to do with the tax and odd bits of rounding going on.
It's particularly hard to compare one tax year with another: maybe something happened last tax year which was still being adjusted at the end of the tax year, which means you've only got two payslips from this year on which you can make a true comparison. How similar are April and May?Signature removed for peace of mind0 -
The only way anyone can explain what is going on is if you give full details.
For each payslip....
Taxable gross
Tax paid
Tax month or date paid
Tax code/basis
Taxable pay to date
Tax paid to date1 -
Checking with your payroll people is the sensible route. My monthly pay rarely varied by more than a few pence a week. Large variations on a fixed pay don't seem to make much sense.492800 said:ahh ok thanks for the replies.
I'm kinda reticent about posting my paychecks on the web so maybe ill just have a chat with my pay people at work.
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Fair enough but I would recommend finding out what question you need to ask first. Use one of the tax calculators for example....492800 said:ahh ok thanks for the replies.
I'm kinda reticent about posting my paychecks on the web so maybe ill just have a chat with my pay people at work.
https://listentotaxman.com/
Make sure it is on the correct tax year ( as all payslips are the same tax code 19/20 or 20/21 will do) and enter your tax code, then enter your monthly wage. This will give you a rough expected tax figure for that level of earnings. Compare your tax figures and you will see that either your tax was correct and is now going up or it was lower than expected and is now increasing towards the normal level of tax. You can then ask why am I paying more than normal tax or why was I paying less than normal tax and it is now moving back to normal.
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Without figures cannot say for certain but this looks to me like your extra payments put you into the 40% tax band. Your earnings then went down so some possibly all of the tax you had paid at 40% was converted to tax at 20% which would cause the "....paying a little bit less for a couple of months"492800 said:Thanks for your replies everyone. the taxman website was good and according to that I am presently paying the right tax at the moment, but was paying a little bit less for a couple of months, but that was possibly (?) after 3 months of hefty overtime and some back pay, so guess that was what caused the fluctuation.1
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