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Is My Payslip Correct: Minimum Wage Increase

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  • slenderkitten
    slenderkitten Posts: 1,121 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I don't know about national insurance, i'm more concerned about national minimum wage increase I'll see what my employer says.
    My Signature is MY OWN!!
  • Savvy_Sue
    Savvy_Sue Posts: 47,359 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You mention you haven't yet had your P60. Your employer has until 19th May to issue that to you. Although I always used to issue it with the March payslips, I didn't have to. 
    Signature removed for peace of mind
  • slenderkitten
    slenderkitten Posts: 1,121 Forumite
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    edited 9 May 2024 at 9:16PM
    Hi I spoke with my union, they said I'm already above nmw before the minimum wage increase, they worked it out that my hourly rate is £12.13 /£23k. Someone on this thread said my pay looked correct so the £17 it's just that decrease in the national insurance, I'm disappointed, oh well. 
    My Signature is MY OWN!!
  • chrisbur
    chrisbur Posts: 4,258 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 10 May 2024 at 10:08AM
    Hi I spoke with my union, they said I'm already above nmw before the minimum wage increase, they worked it out that my hourly rate is £12.13 /£23k. Someone on this thread said my pay looked correct so the £17 it's just that decrease in the national insurance, I'm disappointed, oh well. 
    Have they shown you the calculation?
    For £12.13 an hour to work out as £23000 per annum you would need to be working 36.46 hours a week (probably 36.5 used with a bit of rounding ) , but you advised you work 39.50 hours per week, which would give £24915.02 per annum or £2076.25 a month

    EDIT  I am assuming that you qualify for the adult minimum wage.
  • slenderkitten
    slenderkitten Posts: 1,121 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 10 May 2024 at 10:11AM
    chrisbur said:
    Hi I spoke with my union, they said I'm already above nmw before the minimum wage increase, they worked it out that my hourly rate is £12.13 /£23k. Someone on this thread said my pay looked correct so the £17 it's just that decrease in the national insurance, I'm disappointed, oh well. 
    Have they shown you the calculation?
    For £12.13 an hour to work out as £23000 per annum you would need to be working 36.46 hours a week, but you advised you work 39.50 hours per week, which would give £24915.02 per annum or £2076.25 a month

    EDIT  I am assuming that you qualify for the adult minimum wage.
    They did it as an hourly calculation 39.5 per week x 4 weeks, 158 hours a month, I told him all particulars as per my original post and gave him copies of ALL my payslips, yes I over 25. 

    I really wish we had our old payroll person back she did things properly. This new person has messed up nearly everyone's pay. I have no confidence whatsoever. 
    My Signature is MY OWN!!
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 17,672 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 10 May 2024 at 10:20AM
    chrisbur said:
    Hi I spoke with my union, they said I'm already above nmw before the minimum wage increase, they worked it out that my hourly rate is £12.13 /£23k. Someone on this thread said my pay looked correct so the £17 it's just that decrease in the national insurance, I'm disappointed, oh well. 
    Have they shown you the calculation?
    For £12.13 an hour to work out as £23000 per annum you would need to be working 36.46 hours a week, but you advised you work 39.50 hours per week, which would give £24915.02 per annum or £2076.25 a month

    EDIT  I am assuming that you qualify for the adult minimum wage.
    They did it as an hourly calculation 39.5 per week x 4 weeks, 158 hours a month, I told him all particulars as per my original post and gave him copies of ALL my payslips, yes I over 25. 

    I really wish we had our old payroll person back she did things properly. This new person has messed up nearly everyone's pay. I have no confidence whatsoever. 
    Well that's a problem for a start as there aren't specifically 4 weeks in any month this calendar year.  Even February is 4.14 weeks.
  • chrisbur
    chrisbur Posts: 4,258 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Definitely looking like paid under minimum wage if that is how they did their sums.  
  • slenderkitten
    slenderkitten Posts: 1,121 Forumite
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    edited 10 May 2024 at 12:45PM
    The payroll person said she didn't know there was a minimum wage increase. Do you see the the severity of the problem now! 
    My Signature is MY OWN!!
  • Intoodeep
    Intoodeep Posts: 1,671 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Savvy_Sue said:
    You mention you haven't yet had your P60. Your employer has until 19th May to issue that to you. Although I always used to issue it with the March payslips, I didn't have to. 
    from You Gov: 

    Give a P60 to all employees on your payroll who are working for you on the last day of the tax year (5 April). The P60 summarises their total pay and deductions for the year.

    You must give your employees a P60 by 31 May.

  • slenderkitten
    slenderkitten Posts: 1,121 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Intoodeep said:
    Savvy_Sue said:
    You mention you haven't yet had your P60. Your employer has until 19th May to issue that to you. Although I always used to issue it with the March payslips, I didn't have to. 
    from You Gov: 

    Give a P60 to all employees on your payroll who are working for you on the last day of the tax year (5 April). The P60 summarises their total pay and deductions for the year.

    You must give your employees a P60 by 31 May.

    They have until last day of May to do it. So it. I will  Contact hmrc then 
    My Signature is MY OWN!!
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