Quizzes & Puzzles59 mins 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.
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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!
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