Wages


W

Wibb

I've recently started a new job and are just wondering about wages and tax.
My old job I was paid 20k a year and came home with £1299 a month after
taxes. My new job pays 24k a year and will be paid £1389 a month.

For some reason I thought I was going to end up with more than just a £90 a
month increase! Is this normal or should I look further into it?
 
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D

dp

I've recently started a new job

It may be that the new employer is waiting for your tax code. If this is the
case it will all come right in the end....
 
D

Doug Ramage

Wibb said:
I've recently started a new job and are just wondering about wages and tax.
My old job I was paid 20k a year and came home with £1299 a month after
taxes. My new job pays 24k a year and will be paid £1389 a month.

For some reason I thought I was going to end up with more than just a £90 a
month increase! Is this normal or should I look further into it?
You may be on Emergency Tax Code. Did you give your P45 to your new
employer?

An increase of £4K p.a. equates to £333.33 per month (gross). Tax is 22% and
Class 1 NIC is 11%, so you should net £223.33. Were there any other
deductions on your wage slip?
 
W

Wibb

I've recently started a new job and are just wondering about wages and
tax. £90

You may be on Emergency Tax Code. Did you give your P45 to your new
employer?

An increase of £4K p.a. equates to £333.33 per month (gross). Tax is 22% and
Class 1 NIC is 11%, so you should net £223.33. Were there any other
deductions on your wage slip?
I've passed on my p45 and my pay slip shows my tax of 474L. No other
deductions are on my wage slip and nor should there be...
 
R

Ronald Raygun

Wibb said:
I've passed on my p45 and my pay slip shows my tax of 474L. No other
deductions are on my wage slip and nor should there be...
There's something not right here.
Tell us all the figures on your pay slip.
 
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D

Doug Ramage

Wibb said:
I've passed on my p45 and my pay slip shows my tax of 474L. No other
deductions are on my wage slip and nor should there be...
Are you a full month's salary? Or did you join part way through the month?
 
M

m.cantaloupe

IANAL (nor an accountant)
20k should get you 1267 / month
24K should get you 1490

As the others said, check your tax code.

Michel
 
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