Quizzes & Puzzles0 min ago
update on salary discrepancy
Further to my other post about my salary, I have a payslip (finally), dated 03/10, the breakdown is
(weekly pay)
Tax code 543L
Gross pay 341.70
PAYE tax 36.40
NI 19.95
Childcare voucher 55.00
----------------------------------
Take home pay �230.34
I've just been on the listentotaxman website
It says I should be bringing home �264.30 on tax code 543L not including childcare. If I deduct �2860 (estimating a year's worth of childcare vouchers which are apparently tax and NI free) then it's �253.30.
On tax code 603L it's �266.95 and �255.95 respectively (my husband has told me I should now be on that tax code?)
Have I miscalculated the childcare element if my take home pay is only �230.34? It just looks like there is something really, really wrong here unless I've totally miscalculated. I've been receiving this amount for at least the last 18 months.
I receive no other benefits, i.e. overtime, I'm on an annual salary of �17,500. Oh and my boss says some people are 'exempt' from the �60 tax rebate due in September - I thought everyone was entitled to it, I've been there for 4� years incidentally. If anyone can shed any light on this I'd be very grateful.
(weekly pay)
Tax code 543L
Gross pay 341.70
PAYE tax 36.40
NI 19.95
Childcare voucher 55.00
----------------------------------
Take home pay �230.34
I've just been on the listentotaxman website
It says I should be bringing home �264.30 on tax code 543L not including childcare. If I deduct �2860 (estimating a year's worth of childcare vouchers which are apparently tax and NI free) then it's �253.30.
On tax code 603L it's �266.95 and �255.95 respectively (my husband has told me I should now be on that tax code?)
Have I miscalculated the childcare element if my take home pay is only �230.34? It just looks like there is something really, really wrong here unless I've totally miscalculated. I've been receiving this amount for at least the last 18 months.
I receive no other benefits, i.e. overtime, I'm on an annual salary of �17,500. Oh and my boss says some people are 'exempt' from the �60 tax rebate due in September - I thought everyone was entitled to it, I've been there for 4� years incidentally. If anyone can shed any light on this I'd be very grateful.
Answers
Best Answer
No best answer has yet been selected by Mully79. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
-- answer removed --
Thanks for your reply.
How is he able to get it so wrong and can I claim back any overpayments myself or does it have to be through him? Is there a time limit on claiming back tax overpayments?
I wanted to phone up the tax offices to check with them, but I was frightened they'd end up investigating him and potentially jeopardise my and colleague's jobs if he ended up with a fine he couldn't pay. I'm not in a position to lose my job right now!
How is he able to get it so wrong and can I claim back any overpayments myself or does it have to be through him? Is there a time limit on claiming back tax overpayments?
I wanted to phone up the tax offices to check with them, but I was frightened they'd end up investigating him and potentially jeopardise my and colleague's jobs if he ended up with a fine he couldn't pay. I'm not in a position to lose my job right now!
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.