Net pay differs from calculation

fidaa

Dazed_and_C0nfused said:

fidaa said:

Sorry anyone confirm minimum amount please

You can check it here yourself.

http://payecalculator.hmrc.gov.uk/PAYE0.aspx

I have tried but calculator keeps saying error
 Figures from april, may and June are:

Taxable Pay YTD 35,829.61
Niable Pay YTD 35,789.89

Tax Paid YTD 11,258.55
NI Paid YTD - 1,595.22

chrisbur

Are you putting a zero in the section "Previous tax not deducted due to regulatory limit"  It gives an error message if you do not enter 0
I make it the oddments will clear July and August will be a touch under the £4800 you were expecting.

chrisbur

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

fidaa

chrisbur said:

Are you putting a zero in the section "Previous tax not deducted due to regulatory limit"  It gives an error message if you do not enter 0
I make it the oddments will clear July and August will be a touch under the £4800 you were expecting.

Why would they come under £4800?

The extra payments last month and this month are down to being over taxed in april due to bonus surely?

fidaa

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

chrisbur

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

fidaa

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

Sorry it is £87500k. 

I mistyped in OP

chrisbur

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

Sorry it is £87500k. 

I mistyped in OP

Then forget all the earlier calcs and we will go with "atleast 4.8k monthly?"

fidaa

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

Sorry it is £87500k. 

I mistyped in OP

Then forget all the earlier calcs and we will go with "atleast 4.8k monthly?"

Sorry are you saying it will balance at 4.8k then?

chrisbur

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

Sorry it is £87500k. 

I mistyped in OP

Then forget all the earlier calcs and we will go with "atleast 4.8k monthly?"

Sorry are you saying it will balance at 4.8k then?

No not saying that  Figures have changed now and you will need to do new calculations.