Anyone on 16K a year here?

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Speshal
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Anyone on 16K a year here?

#1 Post by Speshal » Mon Mar 01, 2010 4:12 pm

I need answers cos I think work are fucking me over.

How much is your basic pay (i.e before tax and NI every month?)

Cos it's like trying to get blood out of a stone here.
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Re: Anyone on 16K a year here?

#2 Post by Strangeluv » Mon Mar 01, 2010 4:18 pm

check your tax code is correct.... you might be on an emergency tax code if you haven't been working for a bit... this happened to me and i had to claim back the extratax they had taken

http://www.hmrc.gov.uk/incometax/codes-basics.htm ----- here's some info on the codes... if you phone your local tax office with your current code and your NI no they can tell you if you are on the right one i think....
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Re: Anyone on 16K a year here?

#3 Post by Speshal » Mon Mar 01, 2010 4:41 pm

I checked my tax code and all seems well I'm on 647L - this can be used as emergency tax code or

647L also happens to be the tax code you’ll get if you are entitled to just the basic Personal Allowance but in this case it is not an emergency code and you will receive the right amount of tax-free pay


It's just that my basic i.e before any deductuions is listed as £1107p/m and this works out to £13,200ish

Also been on this and it says it's wrong :?:
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Re: Anyone on 16K a year here?

#4 Post by My Name is Gino » Mon Mar 01, 2010 4:49 pm

Salary calculator is your friend. http://www.thesalarycalculator.co.uk/
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Re: Anyone on 16K a year here?

#5 Post by Speshal » Mon Mar 01, 2010 4:53 pm

dam0 - magik bullet wrote:Salary calculator is your friend. http://www.thesalarycalculator.co.uk/


Yeah cheers, that's what I have been looking at that makes me think they are wrong.
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Re: Anyone on 16K a year here?

#6 Post by My Name is Gino » Mon Mar 01, 2010 5:03 pm

Maybe phone your tax office? They should be be able to clear it up quickly.
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Re: Anyone on 16K a year here?

#7 Post by Strangeluv » Mon Mar 01, 2010 5:19 pm

Speshal wrote:I checked my tax code and all seems well I'm on 647L - this can be used as emergency tax code or

647L also happens to be the tax code you’ll get if you are entitled to just the basic Personal Allowance but in this case it is not an emergency code and you will receive the right amount of tax-free pay


It's just that my basic i.e before any deductuions is listed as £1107p/m and this works out to £13,200ish

Also been on this and it says it's wrong :?:


yea that doesn't sound right at all... i'm pretty sure i was on the same tax code...a call to the tax office sorted this, but make sure they send you the stuff to reclaim any rebates you are entitled to....
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Re: Anyone on 16K a year here?

#8 Post by Squeaks » Mon Mar 01, 2010 5:36 pm

yo!

This website is really good for checking gross to net

http://listentotaxman.com/index.php

At my company the majority of people are on tax code 647L

Did you fill in a P46 when you started or did you hand a P45?

You said your tax code is 674L - is there a 1 or anything on the next line or anything like that?
That effects it slightly.

Are you likely to have earned £6470 to date in previous job?

Your net pay should be roughly £1,080.30 based on listento tax man
hope you get it sorted!

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Re: Anyone on 16K a year here?

#9 Post by Squeaks » Mon Mar 01, 2010 5:38 pm

are you in your first month?

You sure they haven't pro rated your first month's pay?

that sounds like payment for 18 days @ £16,000 :)

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Re: Anyone on 16K a year here?

#10 Post by Squeaks » Mon Mar 01, 2010 5:39 pm

£16,000 / 260 days (working days in the year)

=£61.53 per day

x 18 = £1107.69

:-)

Did you start on the 3rd of February by any chance?

if not sounds like they think you did!

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Re: Anyone on 16K a year here?

#11 Post by Speshal » Mon Mar 01, 2010 5:53 pm

Cheers for all that ^^^^^

Yes I do have a 647/l/1

and I did a P46 and was on income support for the current tax year


Squeaks wrote:
Did you start on the 3rd of February by any chance?



Yes I did funnily enough :lol:
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Re: Anyone on 16K a year here?

#12 Post by Squeaks » Mon Mar 01, 2010 6:00 pm

Speshal wrote:Cheers for all that ^^^^^

Yes I do have a 647/l/1

and I did a P46 and was on income support for the current tax year


Squeaks wrote:
Did you start on the 3rd of February by any chance?



Yes I did funnily enough :lol:


yeh Februray is a really bad month to pro rata because there's hardly any days.

if you'd started on the 1st you would have got £16,000 /12 months = £1333.33 even though if you take away 2 days from total (£61.5 per day) that sounds like you should pay you £1210.33 but they work it round the other way ! it's a bit shitty but it evens out through the year

boooo!!!

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Re: Anyone on 16K a year here?

#13 Post by Speshal » Mon Mar 01, 2010 6:06 pm

Thanks Steph, I'm not feeling so grumpy now it makes sense :D
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Re: Anyone on 16K a year here?

#14 Post by Squeaks » Mon Mar 01, 2010 6:10 pm

so that's your gross sorted

647L with a 1 after means that each month they're calculating your tax free allowancew instead of allowing you all of your allowance then charging you tax (after a few months)

so
this explains it slightly better than me!

647L/1 means that a person can earn up to £539 every month without being taxed, and only the income that exceeds that will be taxed. 647L is very similar, but is calculated based on a yearly income rather than monthly.


on P45s, Job centres are NOTORIOUS for adding these 1s (happens all the time)

and If you filled in a P46 and said you either had a job or were on income support then they add this 1 because they don't know how much money you got from this (and don't know whether you reached the £6470 yet)

annoying as you probably didn't.

sometimes HMRC can realease a new tax code without the 1 if you explain - but like you say

like getting blood out of a stone

Email me if you want me to help.:-)

was your net pay £924.20? do you have a student loan?

x

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Re: Anyone on 16K a year here?

#15 Post by Speshal » Mon Mar 01, 2010 6:16 pm

Squeaks wrote:
was your net pay £924.20? do you have a student loan?

x


Yup and nope :)
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Re: Anyone on 16K a year here?

#16 Post by Squeaks » Mon Mar 01, 2010 6:29 pm

don't worry
next month it will be propa :woo:

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Re: Anyone on 16K a year here?

#17 Post by mu_ » Mon Mar 01, 2010 8:10 pm

life is tough when you are poor :)
at least you get to enjoy the wonders of potatoes and supermarket beer. that's the life. let's go on holiday to zone 3 this summer together

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Re: Anyone on 16K a year here?

#18 Post by uncle jam » Mon Mar 01, 2010 9:27 pm

go squeaks :sun:

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Re: Anyone on 16K a year here?

#19 Post by Squeaks » Tue Mar 02, 2010 9:58 am

tbh I think your HR/payroll team are a bit lame if they can't even explain how they calculated your pay!

How are you suppose to know if they don't?

:arrow:

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Re: Anyone on 16K a year here?

#20 Post by Watoo » Tue Nov 14, 2017 5:12 pm

:lol:
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