Can anyone help, fortnightly pay?

[Toughtips]

I'm on 17500 pa.

I get paid fortnightly.

I've only ever been paid monthly.

How much should I get paid in those increments?

Confused as assumed it would be half and half but what I've just been paid doesn't add up.

Can anyone help or know who I speak to at work? Recently started the job so new to it.

I'll get used to it I guess. Just nice to know what's coming in when. I've emailed HR

I started in Jan 2nd when everyone else came back off Christmas break.

Ok. I'm so new to being paid twice a week. How do I go about budgeting this. Goodness me.
Its easy. I get paid every four weeks. This means each month payday gets earlier and earlier, until it gets to the beginning of the month, then I get paid again at the end of the same month and it gets earlier and earlier each month again. You will have the same effect

I started in Jan 2nd when everyone else came back off Christmas break.
My guess is you haven't worked a full two weeks to receive two weeks pay. Wait until next payday, and I think it will be more.

Going by your figures:

Annual salary - £17,500

Fortnightly pay packet will be approx £673.08 gross

So take off tax and national insurance for budgeting.

£673.08 a fortnight tells me you get (assuming you work a five day week/10 days over a fortnight) £67.31 approx a day.

You gross pay was £538.46, divide it by £67.31 you get 7.9 days.

As all figures are rounded to 2dp, this tells me you have worked 8 days from start day until the date you were paid, therefore not a full fortnight. Therefore your next pay should have two more days of pay in it. (Another £134.62 approx. minus tax and NI.)

@DeathyMcDeathStarFace thank you so much. That makes sense

Simple. Open up a separate account just for your wage to go in. Transfer what you need to once a month.

You'll need an overdraft for the months you only have 2 paydays.

gross fortnightly pay of £538.46
multiply by 26 and that's only £14,000 per annum.
I think you may have been underpaid - unless you started part way through a payroll fortnight?

at £17.5k the gross amount in your fortnightly payslip should be £673.08