Payslip - YEAR TO DATE VS THIS PERIOD? (Question)

Karen_taris

Payslip - YEAR TO DATE VS THIS PERIOD? (Question)

A question regarding a UK payslip.

When you receive your payslip for your monthly salary from the company you work for.

It shows what you have earned per month, on This period

and it also shows an amount on Year to date

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Here is a simple example.

Here are 3 Payslips.


JAN - This period = £1500
JAN - Year to date = £1500

FEB - This period = £1500
FEB - Year to date = £3000

MAR - This period = £1500
MAR - Year to date = £4500
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a) Is year to date, everything you have earned since the start of that year, (added together?)

b) When does this 'start of year' start?  start of the tax year?  or January per year?

or can it be either?

c) IS the above example true? (for simplicity)  or it would start at the Tax year (April) ?

and not in January ?

d) anything else you can mention, regarding year to date and this period ?

Can you please answer in a) b) c) d) format, as many questions as you can

thanks xxx

chrisbur

In the simplest case you will have a period pay figure and a year to date figure.  The year to date figure will be the total of your period figures for the currant tax year which begins on 6 April.  Sometimes you may have two sets of figures a pay and pay to date figures and a taxable pay and taxable pay to date figures where the taxable pay is different to the total pay for example your pension contribution is deducted from your pay before the tax is calculated.

DullGreyGuy

a) Yes, but likely to be limited to this year with this employer rather than included what you earned via a former employer if you switched jobs mid year

b) I'd expect it to be the tax year but in principle it could be calendar year or company year if they wanted; noting above that if you join mid year then it'll likely be from your start date effectively until the new year starts

c) It could be true if you started the job on 2nd Jan

d) easier if you ask any specific Qs... there are lots of things that you may have to consider, especially if you get paid overtime or commission and when cut off dates for such things are but given you are showing same earnings each month assume you are basic salary only

chrisbur

If jobs are switched mid tax year then there may well be a column for earnings in this employment but usually (sometimes things get complicated and the tax code is applied on a month by month basis) the taxable pay to date figure will include all earnings.  In the first case the P45 will advise the new employer of previous earnings and failing that HMRC will advise them.  This is how PAYE works; occasionally the system fails but in the vast majority of cases it deducts the tax that is owed at the time it is owed.
The payslip shows the figures used to calculate the tax due on that payslip for the point in the tax year that the payment is made; as such it has to be based on taxable earnings for the tax year so far.