low wages.....maybe

[myBOYSareBONKERS]

Was wondering if someone who is good with figures could help me out!!

I got paid today £897.90. This wasn't as much as I thought I would get.

Today was the first month without me having the childcare vouchers being taken straight out of my salary. The vouchers were £238.13 and I used to take home £744.59 .

Now, I do understand that having £238.13 taken out at source means there is less to tax/N.I (which is how the parent makes savings) but there is a difference of £84.82.

Would an increase in my salary by £238.13 really cause my tax/NI contributions to go up by £84.82?

I haven't got my payslip as I am on leave at the moment.

Many thanks

sounds about right, tax of 20% and NI of 12% (I think?). It is a bit on the high side for that, but definitely in the right ball park.

is it your first month on maternity leave? it's possible the drop is due to the reduction in your wages if you only have the standard smp? (my reduction for example for 2 weeks is approx £30)

Many thanks for your replies - much appreciated.

I am not on maternity leave - my "baby" boy is going to school September and so is leaving nursery, of which I was looking forward to having a little more cash!

I knew I wouldn't get the whole lot as a monthly increase but I did expect a bit more then what I have been left with

sorry my fault for mis understanding, yes agreed it does sound about right.

If you put your figures in here it will tell you what you should be getting.

I have just played around with it a bit and according to it with a monthly gross salary of about £1,030 you should be getting net of £897 and with the childcare vouchers you would have been getting about £735 so it does sound about right.

Lawriemarlow - That does.

Have got last months payslip:

paid: £1097.64 childcare vouchers were £238.18 = £859.46 to be taxed/NI/pension.

Paye was £29.60 NI was £24.21 Pension £55.86 and parking fees £5

which left me with £744.79

Well that is the point of childcare vouchers right - that you get a higher value of childcare vouchers than you would get in pay?

Before you got £744.59 + £238.13
Now you get £897.90

Which means that you were previously getting those £238.13 of vouchers in return for only £153.31 of your pay. 50% extra free, in supermarket terms. Sounds like a good deal to me.