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Changing pay structure
Philthefragger
Posts: 6 Forumite
I am currently paid 10 days in arrears
payday 25th , cut off date 15th of the same month.
my employer now wants to change this to 6 weeks in arrears, which means I don’t get paid for November, but when I eventually leave , I get another pay day in
What are the effect on things like pension contributions?
payday 25th , cut off date 15th of the same month.
my employer now wants to change this to 6 weeks in arrears, which means I don’t get paid for November, but when I eventually leave , I get another pay day in
What are the effect on things like pension contributions?
Fortunately I have savings that I can use to tide me over, but it is unwelcome,
anything else I need to consider?
thanks
anything else I need to consider?
thanks
0
Comments
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Why don't you get paid for November? What's special about that month?Philthefragger said:I am currently paid 10 days in arrears
payday 25th , cut off date 15th of the same month.
my employer now wants to change this to 6 weeks in arrears, which means I don’t get paid for November, but when I eventually leave , I get another pay day in
What are the effect on things like pension contributions?Fortunately I have savings that I can use to tide me over, but it is unwelcome,
anything else I need to consider?
thanks
Won't have any impact on overall pension contributions, but ask your employer to confirm the timing of these.0 -
Because they want to bring it in then,
there has to be a blank month
re pensions, if no contribution is made in November, that money is missing out on time in the market0 -
So in effect you'll be working a month "in hand" and will only recoup this on leaving?
And any new starters commencing on 17th August won't get paid until 25th OCTOBER????0 -
An employer wishing to effectively delay paying employees for 6 weeks would have the alarm bells ringing very loud for me. The most likely reason is a cashflow problem and the worst case end result could be them going bust and employees not being paid at all.
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