Help me understand my pay slip (pic included) I am so worried

[taxcodecrazylady]

I have been gifted a £500 bonus, which would obviously be taxed.

I earn £30,000 a year so I thought my salary would be a monthly figure of £1,980 or something similar.

However, the net pay says my total is £2784.12 this month

How does that work? That's more than my take home monthly, plus more than the bonus without even being taxed.

Is the net figure wrong? Should I flag it the the finance lady?

Thank you

That's your net pay for the whole year. It's like an end of year balance. See where it says 'pay to date' above it?

You’ve not paid any tax on it. Your YTD figure is very low. Have you just moved jobs?

No that’s not right what PP has said above about it being pay for the year. For some reason you’ve not been taxed. You need to raise this with payroll.

I would raise it with payroll but she's just left

I was unemployed previously

That's your net pay for the whole year. It's like an end of year balance

That’s not true.

In the meantime I would keep aside what you think would be the overpayment (so the difference between what you expected to receive and what’s gone into your account) in case you need to make a repayment.

Yes have you been unemployed this year and only started this job recently? As they are taxing you as it is.

@witchy89 No it isn't. The net pay is her take home for this month.

@taxcodecrazylady - you haven't paid any tax this month, that's the problem. Top right section PAYE is 0.00. I'm guessing your name is because you've already had tax code issues - you need to raise this with your employer and tax office.

popcorn Yes, unemployed before this job. I started here on the 14th November

Who is dealing with payroll now then? Someone must have processed this month’s pay. Alternative you could call HMRC about it.

No, the Net Pay figure is the amount paid this month. You haven't paid any tax. Chat to your payroll department and check this is correct but if are returning to work after a long break you may not be paying tax because you are still within your personal tax allowance for the financial year.

No tax has been deducted. What is your notice of coding (most people have 1185L)?

It looks as if you have only been working there for a few months. If previously you had not been earning since 6 April 2018, and this was your only job, then yes, so far this year you would not have earned enough to pay any tax. PAYE works on a cumulative basis, so looks at the total you have earned for the year (£6,926) and then compares that with the total tax free amount so far this year (£11,850*9/12=£8,887.50). As your total is less than the tax free allowance you have no tax to pay. This will change by March and you probably will have some tax to pay then.

Ah, you've answered my question - I was going to ask if you had not been working for a while.

They may just wait until you have used up your tax allowance before deducting tax. I'd guess from those figures that you haven't worked during this current tax year (so not in work since April) and have not yet used up your tax allowance (the amount you can earn without paying tax).

This happened to me after a long period of sick leave, I was paid for a few months without any tax being deducted at the same time of year. I don't know why they don't work it out as a normal PAYE from now until March. But I think it's probably right.

They have only taken NI and no page. Presumably because tour earnings for the tax year are set to be under the personal tax allowance due to your previous unemployment. I assume you have been unemployed since April before taking this job?

^^ no PAYE (not page)

Then you won't need to pay tax. Did you pay tax last month? Roughly working for 4 and a half months. 2500 a month, salary would be just under taxable pay at 11250. Bonus will take you over though...you will see a significant drop from March

Have you been unemployed since April of this year? If so then you don’t need to worry about it because you won’t earn enough between now and April of next year to reach your personal tax allowance.

No tax has been deducted becayse you can earn up to 11k per annum before it's due ie that's to the end of March.

As such you'll prob start paying in March but a tiny amount, as it's on anything over the 11k. From April it will be deducted monthly and fully.

Yes, I think it's because you haven't earned enough this tax year to go over your personal tax allowance yet. It might be worth you working out how much you should be taxed monthly and save that amount in a savings account so you are not used to the full amount being there all the time.

Is this just your second payslip since you started?

The box in the bottom right is your running total for the year of gross pay, tax paid and national insurance paid.

It shows you have. paid no tax so far but have paid NI. You need to contact payroll and ask why you have not paid tax. Ifyouhave no previous earnings this tax year - 5th April 2018-4th April 2019, you have an allowance of £11,850 before you pay any tax. What your employer usually does is spread that across the whole tax year but if you have just started work they may not do that. Just ring and ask them how they are doing it.

You won't owe much, if anything, because of your tax allowance. When did you start work?

You won't pay tax this tax year, or only very little. Your April salary will be more like you thought

Ah yes I'm wrong, just looked closer, sorry OP! Have you been paid the correct amount?

It’s because the gap in employment has meant that so far this tax year you haven’t earned enough income to pay any tax.

Once your total gross earnings exceed the threshold then tax will be deducted

From April you’ll pay tax as normal.

If you haven't had any job this year from April and this is only your second pay, then you paid no tax as your salary was covered by the personal allowance. Check your last payslip and you will see, you would have paid no tax as well. You won't pay any tax in January and February and some in March as well.

DD started her first job for the NHS in August, prior to that she was a student. As she hadn't been employed for this tax year until August she hasn't paid any tax at all until this month, and then only part a month.

I can't see your attachment, but if you haven't been employed this year until now, I would guess your will have a few months before you pay any tax.

Is this your second wage since starting? have you got back overpaid tax and not paid any tax for this month? - if so that would account for the double bonus, and you may not have any tax to pay for a few months this financial period.