wage deductions

[Duffman1445]

hi their how do ya work out ya tax deductions or can anyone tell me how much i would get a month after dedutions i currently earn 16k py

thanks

[Ell-enn]

Hi there, it all depends on your tax code - do you know what it is?

Kind Regards

Ell-enn

[Duffman1445]

no i dont, i dont have a recent P45 only when from my previous previos employer. Would that do

[Ell-enn]

Hi, do you have a recent payslip from your current employer? that should have your tax code on it.

[Duffman1445]

no this is a new employer i dont get my 1st wage till the 19th. Basicly im getting paid from the 25/02 (when i started till then end of march so 2 weeks in hand so ill be getting paid for 5 weeks hopfully i just wanted to work out the tax, and my tax for my next month is their any other way i can find out with out me tax code

[BeauBrummie]

Hi duffman1445

Sorry to jump in but have you been given a p46 from your new employer and if so what box did you tick if any

[Ell-enn]

Hi, what tax code is on the P45 from your previous employer (have you not given it to you new employer yet?)

[Duffman1445]

brummie yes i think i ticked option B for this is my only job.

Ell-enn- i havnt got one from my previous employer iv been calling but they keep saying its on its way

[Ell-enn]

OK, I'm out of the office tomorrow, but I'll do a calculation for you on Thurs morning if that's ok? (unless someone else can do it for you sooner)

[BeauBrummie]

Hi Duffman45

Based on the info you have posted you will be on a tax code of 522L M1

This comes from the box b on the P46 that you signed. This should have been sent to HMRC already and they in turn will then inform your employer of your current year tax code.

So you should receive around £1280.00 for the pay period you have described.

The problem you have is that this will be your employers last payrun of the tax year and as such you will have slightly overpaid your tax assuming that you should be on the standard tax code for the year.

Any other problems please come back to me on this thread and I will try to help. I have a bit of experience as I run 9 Payrolls myself.

Beaubrummie

[Duffman1445]

wow thanks i worked it outs as around £1333ish before tax and they saying i should be paid 5 weeks in stead of 4
Because i started on the 25/02 and payday is on 19/03 so my bosses say they will pay me to the end of march so i assume its 5 weeks pay is that correct. If so how much tax will be deducted..

thanks in advance
Ben

[BeauBrummie]

Hi Duffman1445

I have these figures based on your info for 5 weeks

Gross £1666.66

Less NI £138.38

Less Tax £248.29

Net Pay £1279.99

Hope this is OK

[Duffman1445]

wow cool lol good at working these things out lol

[BeauBrummie]

Yeh thanks Ben,

I am a self-employed bookkeeper and payroll administrator looking after 250 people a week so I think I should know.

Regard

Beaubrummie