Salary Question
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redpantsandjam
Posts: 15 Forumite
I'm about to start a new job, and it's the first time I've been on an annual salary, so this is all a bit new to me. My contract states that I get paid two weeks in arrears and two weeks in advance. As I start a week before payday, does that mean I'd get paid the equivalent of three weeks of my salary, or am I understanding this wrong? Thanks in advance for any answers
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Depends on whether you start before the cut off date for payroll changes - not something anyone here can tell you.0
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redpantsandjam said:I'm about to start a new job, and it's the first time I've been on an annual salary, so this is all a bit new to me. My contract states that I get paid two weeks in arrears and two weeks in advance. As I start a week before payday, does that mean I'd get paid the equivalent of three weeks of my salary, or am I understanding this wrong? Thanks in advance for any answers
The only way to be sure is to ask your new employer when you start - but budget on that basis.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
Marcon said:redpantsandjam said:I'm about to start a new job, and it's the first time I've been on an annual salary, so this is all a bit new to me. My contract states that I get paid two weeks in arrears and two weeks in advance. As I start a week before payday, does that mean I'd get paid the equivalent of three weeks of my salary, or am I understanding this wrong? Thanks in advance for any answers
The only way to be sure is to ask your new employer when you start - but budget on that basis.1 -
redpantsandjam said:Thanks. I'm hoping it works out that I start in time, especially as I'm not - strictly speaking - new to the organisation, so they know my track record for attending. Having just checked, it looks like my start date is two days before the payroll run, so fingers crossed...
It's not a task to squeeze into an odd 5 minutes. I had to plan when I'd collate the information I needed, when I'd do it, when my manager would check it, when I'd run any corrections, when my colleague would set up the payments, when I'd authorise them. I used to have to spread it all over a week, at least.
However, what you might be able to ask for is an advance, to be deducted from your first proper payment.Signature removed for peace of mind0 -
If you have missed the pay cut off it is worth checking if you have paid the correct NI. When two payments are made together like this it has been known for the NI to be calculated as if it is one payment whereas it should be calculated as two separate payments. Off course if you are on a fairly high salary this could be to your advantage so use the link below to check what the NI should be for each month and compare with what you have paid.
https://www.tax.service.gov.uk/guidance/work-out-employer-employee-national-insurance-contributions/start/period-of-ni-contributions?c=1
Employers guide section 3.1.5 Example 1
https://www.gov.uk/government/publications/cwg2-further-guide-to-paye-and-national-insurance-contributions/2022-to-2023-employer-further-guide-to-paye-and-national-insurance-contributions#para32
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tizerbelle said:Depends on whether you start before the cut off date for payroll changes - not something anyone here can tell you.
For instance i started a new job not that long ago , the start date was a couple of days after the payroll cut off and 11 days into the month , however when I ( and other new starters ) were sent our offer letters we were told that we needed to get the payroll information and a completed HMRC new starter form ( unless we had a P45 ) in before the pay roll cut off so we would get paid a part mothn's basic wage on the normal pay day.1
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