Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Work over payment
jdot1969
Posts: 35
Forumite
Hi I’m wondering if anyone can help me. I’ve just been told I’ve been overpaid by an amount for the last 2 months this is the gross pay I am needing to pay back of 1000 in total. I’m just confused as to if I will be losing out on tax and NI could anyone explain this to me please
0
Comments
-
You shouldn't be paying anything back directly.Your employer should be reducing your pay by an equivalent amount, over at least the same period as the overpayments were made.So eg. if they overpaid you by £500 a month for two months, they should be reducing your pay by £500 for two months.If this would reduce your pay to less than NMW, I would think they will have to spread it over a longer period.N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.2 -
As QrizB said, the repayment should be the same amount as the overpayment but processed through payroll.jdot1969 said:Hi I’m wondering if anyone can help me. I’ve just been told I’ve been overpaid by an amount for the last 2 months this is the gross pay I am needing to pay back of 1000 in total. I’m just confused as to if I will be losing out on tax and NI could anyone explain this to me please
This will automatically resolve the income tax.
NI can be more complicated as the reduced payments may take you below the threshold for NI whereas the increased payments may have pushed you into the threshold. Unlike income tax, NI is assessed per pay period rather than annually. You may need to ask your employer to ensure this is managed to be neutral for yourself.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards
