monthly pay

[yvette79]

Each wk i write down what hrs and days i do so i can check it with my pay slip. I have heared to work out a rough amount of pay i will get, you take of 25% for tax and ins, is this right? My pay was short this month so i found out by �146 and only got �99 and odd pence which is 32% difference, to me that doesn't sound right. Can anyone help ans this.

[kevb0444]

Ok here's a break down on tax %'s as given by the Directgov website.

For National insurance: If you earn above �94 a week (the 'earnings threshold') and up to �630 per week you pay 11% of this amount as 'Class 1' NICs. You also pay 1% of earnings above �630 a week as Class 1 NICs. You will pay a lower amount as an employee if you are a member of your employer's contracted out pension scheme.

For Income Tax: After tax-free allowance (and any deductible allowances and reliefs) have been taken into account, the amount of tax you pay is calculated using different tax rates and a series of tax bands.

Starting rate:
�1 to �2,090
10%
Basic rate:
�2,091 to �32,400
22%
Higher rate:
�32,401 and above
40%

Use this link to check your wage slip. You will need your tax code which should be on the slip. www.digita.com/taxcentral/home/employment/payslipcalculator/default.asp

[huge piles]

rather than take of 25%, calculate on around 33% cos NI will prob take it up to that... sounds like you're gettin paid correctly...

have you done enquiries on tax credit ? you might be due it... dunno much about it but do o google search and you should find out...