Payslips not matching bank statements

MWT

stingingBelle86 said:

I just spoke to my boss. Her explanation is she’s been ‘rounding up’ so my wages don’t hit my account in strange amounts, whatever that means, and it all amounts to my proper salary anyway. I explained it’s an overpayment. She’s not even bothered and questioned why I was stressed and why I was bothering her with it.

Good luck sorting that out with her then...

There seems to be a basic service that does all the calculations and provides payslips and the amounts to be paid to the Nanny, HMRC etc. then leaves it for the employer to make the payments, or a 'plus' option for an extra £12 a month that will make the payments as well.

Sounds like she didn't opt to pay the extra £12...

If she is this clueless about why this is wrong, I'm also wondering if she understands her obligation to offer you a Workplace Pension?

stingingBelle86

MWT said:

stingingBelle86 said:

I just spoke to my boss. Her explanation is she’s been ‘rounding up’ so my wages don’t hit my account in strange amounts, whatever that means, and it all amounts to my proper salary anyway. I explained it’s an overpayment. She’s not even bothered and questioned why I was stressed and why I was bothering her with it.

Good luck sorting that out with her then...

There seems to be a basic service that does all the calculations and provides payslips and the amounts to be paid to the Nanny, HMRC etc. then leaves it for the employer to make the payments, or a 'plus' option for an extra £12 a month that will make the payments as well.

Sounds like she didn't opt to pay the extra £12...

If she is this clueless about why this is wrong, I'm also wondering if she understands her obligation to offer you a Workplace Pension?

Have checked pension. All present and correct with that. She has no idea and thinks questioning her about it is completely ridiculous. Not sure where to go with it. She has written her letter though so we will see what that throws up. 

15JM83

Hi I think you would have a bigger issue if the pay was less than what your payslip said . But as this is more it should be a lot easier to sort out . I wouldn’t worry about it it will be absolutely fine 

MWT

All a matter of perspective I guess, from the lenders point of view over-paid and under-declared has less impact on affordability, but from the HMRC perspective there is an undeclared and untaxed receipt to be accounted for, and for the employer there is an undisclosed and inaccurate payment being made which potentially they could reclaim from the employee which would also be unwelcome if it is at the level of £160 a month for some time now... 

[Deleted User]

From thr lenders perspective there is invalid and possibly doctored payslips.  Under or over doesn't make a difference to them 

amnblog

The Employer is not very usefully appearing to pay extra income which is not run through the PAYE system.

Innocent enough, but incredibly stupid.

MWT

Deleted_User said:

From thr lenders perspective there is invalid and possibly doctored payslips.  Under or over doesn't make a difference to them 

Clearly, 'wrong' is wrong and needs to be fixed/explained but at least they have only used the correct declared salary, not the payments received as the basis for the application so once fixed there shouldn't be an impact on the affordability I'd hope.

The attitude of the employer still defies belief, but that is what happens when you define people with no experience of the process as 'employers' instead of allowing those working for them to be 'self-employed'. Unintended consequences of tax regulations...

K_S

stingingBelle86 said:

I am the wife. 

I just spoke to my boss. Her explanation is she’s been ‘rounding up’ so my wages don’t hit my account in strange amounts, whatever that means, and it all amounts to my proper salary anyway. I explained it’s an overpayment. She’s not even bothered and questioned why I was stressed and why I was bothering her with it. She has contacted our mortgage broker to explain and says she will write to the underwriters, but what she plans to offer as an explanation, I have no idea. 

@stingingbelle86 I've had the exact same with a client employed by an individual who was simply adding expense reimbursements to the net pay so the payments would always exceed the net pay on the payslip. I put it down as a note on the app and explained it to the underwriter when queried, it was accepted without any further explanation from the employer.

Thrugelmir

K_S said:

stingingBelle86 said:

I am the wife. 

I just spoke to my boss. Her explanation is she’s been ‘rounding up’ so my wages don’t hit my account in strange amounts, whatever that means, and it all amounts to my proper salary anyway. I explained it’s an overpayment. She’s not even bothered and questioned why I was stressed and why I was bothering her with it. She has contacted our mortgage broker to explain and says she will write to the underwriters, but what she plans to offer as an explanation, I have no idea. 

@stingingbelle86 I've had the exact same with a client employed by an individual who was simply adding expense reimbursements to the net pay so the payments would always exceed the net pay on the payslip. I put it down as a note on the app and explained it to the underwriter when queried, it was accepted without any further explanation from the employer.

That's not unusual. Payslips should itemise the reimbursement. Which means the "discrepancy" is clearly identfiable. 

K_S

Thrugelmir said:

K_S said:

stingingBelle86 said:

I am the wife. 

I just spoke to my boss. Her explanation is she’s been ‘rounding up’ so my wages don’t hit my account in strange amounts, whatever that means, and it all amounts to my proper salary anyway. I explained it’s an overpayment. She’s not even bothered and questioned why I was stressed and why I was bothering her with it. She has contacted our mortgage broker to explain and says she will write to the underwriters, but what she plans to offer as an explanation, I have no idea. 

@stingingbelle86 I've had the exact same with a client employed by an individual who was simply adding expense reimbursements to the net pay so the payments would always exceed the net pay on the payslip. I put it down as a note on the app and explained it to the underwriter when queried, it was accepted without any further explanation from the employer.

That's not unusual. Payslips should itemise the reimbursement. Which means the "discrepancy" is clearly identfiable. 

@thrugelmir As explained, the payslips didn't list the expenses being reimbursed, hence the discrepancy.