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Anyone work in payroll able to help work out my take home?

21 replies

llmb · 06/09/2017 07:57

I start a term time only job on Monday 11th and need to tell carers allowance my weekly take home aswell aa tax credits what I'll earn each month and now until end of tax year.

All I know is I will be 16 hours a week at £7.50 an hour. There are 38 weeks (term time) a year and I will get 77 hours of holiday entitlement on top of that?! So the 77 hours on top would be 4.8 weeks on top of the 38 weeks.

Can someone please help?

OP posts:
2014newme · 06/09/2017 07:59

It will depend on your tax code surely?

llmb · 06/09/2017 10:01

My tax code is which ever the one is for not paying tax as I will be way under the £10k or whatever it is?

OP posts:
delilahbucket · 06/09/2017 13:54

Your tax code is nothing to do with how much your pay is. You will either be on a standard one, have a married one or an emergency one. There are a few others for their circumstances too. Presuming you are on a standard code and will have no deductions your take home pay will be approximately £98 per week. I have worked that out on 16 hours per week X 38 weeks, plus your 77 hours holiday x £7.50 and then ÷ 52 weeks in a year.

llmb · 06/09/2017 14:01

Thanks Delilah that's what I worked it out at but wasn't sure? So my annual take home will be £5096 approx?

OP posts:
LemonBreeland · 06/09/2017 14:04

There are online calculators if you Google, and they are pretty accurate.

lougle · 06/09/2017 14:34

Will you be paying into a pension or paying any care costs for the person you care for so you can work?

The amount you will be paid each week is £120. The limit for carers allowance is £116. There is no taper, so you will lose it all. If you were paying £8 or more into a pension, then half of it would be disregarded and bring your take home pay for CA purposes below the limit of £116 per week.

llmb · 06/09/2017 16:04

Noooo how do you get that figure lougle? Any pension or a work pension? No I Wont be paying any care costs as it's my son I care for who 'should' be in school...

OP posts:
llmb · 06/09/2017 16:15

I can't find any online calculators either..

OP posts:
lougle · 06/09/2017 16:31

16 × £7.50= £120.

The tax threshold this year is £11,500, which is £221 per week, roughly. So you won't pay tax.

The National Insurance threshold is £157 this year, so you won't pay National Insurance.

Carers Allowance is payable if you care for someone who is severely disabled and earn under £116 after Tax, National Insurance, Care costs for that person who you would otherwise care for but are working, and half of any pension.

If none of those apply, you will receive £120 per week net, which will be £4 over the limit, and will lose you all of the £62.70 per week carers allowance for each week you receive wages. You will still be able to claim it in the weeks that you don't, i.e the holidays.

llmb · 06/09/2017 16:32

My wage is pro rata so I will get paid every month even when I don't work?

OP posts:
lougle · 06/09/2017 16:35

Are you a lone parent? It's a difficult balance between clocking 16 hours for working tax credits or under 16 hours for carers allowance. But remember that as a carer you are exempt from the requirement to seek work, and you may well find that you are better off as a carer, because the carers allowance gives you the class 1 National Insurance credits.

lougle · 06/09/2017 16:40

X-posted with you. Well if that's so, that's fantastic news. It changes everything. So your pay is
(16×£7.50×38)+(77×£7.50) = £5137.50 per year.
£5137.50÷52.143 = £98.53 per week

You'll be able to keep the carers allowance if it's paid Pro-rata.

alltouchedout · 06/09/2017 16:42

I use listentotaxman and it's (so far) always been accurate for me.

llmb · 06/09/2017 16:44

Yes I am a lone parent, completely 100%, their father is not allowed contact and I don't have any family that help. Phew ok you had me worried a minute there!

What about the 0.8 in the 4.8 weeks holiday I get? Will that make much of a difference? I don't want tax credits or mainly housing benefits stopping payments whilst they 'work it out' if I say I'm earning x amount and then they will ask for pay slips in few months and it's actually x amount.

OP posts:
GinGeum · 06/09/2017 16:48

UK Salary Calculator app is brilliant too.

StereophonicallyChallenged · 06/09/2017 16:52

Yep, £98.52 per week or thereabouts doping on payroll software used and pay frequency.

Still under for your CA but also under for NI so be aware that you're not clocking up years towards your state pension via your earnings and won't qualify for SSP or SMP either. Just had to explain this to a poorly friend today Sad

lougle · 06/09/2017 17:22

As a carer receiving Carers Allowance, you will automatically be getting Class 1 National Insurance credits, which count as equal to employee credits, so you will be clocking up years towards the State pension, and will be eligible for Contributions based Employment and Support allowance, Maternity Allowance, Job Seekers Allowance, Basic, Second and Additional pensions.

lougle · 06/09/2017 17:28

The 4.8 77÷16, isn't it? Well, technically it's 4.8125, but the maths is no different. You can either work it out by doing (16×£7.50×38)+(77×7.50) (38 weeks of 16 hours per week, plus 77 hours holiday) or (16×£7.50×38)+(4.8125×7.50) (38 weeks term time plus 4.8125 weeks holiday) Either way, the answer is exactly the same.

StereophonicallyChallenged · 06/09/2017 17:41

Thanks Lougle, useful to know (and I didn't Blush) that CA gets NI credits!

StereophonicallyChallenged · 06/09/2017 17:43

Just got wound up explaining to my very lovely friend why her work have paid her nothing at all this week. She thought she'd get a sort of pro-rata of SSP.

lougle · 06/09/2017 18:31

Oh that's sad Sad. Is she sick enough to claim income based Employment and Support Allowance?

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