Anyone experienced in payroll - net salary question
Discussion
Hi there,
Need someone who is experienced in payroll to run this past.
Monthly pay is £2000, current take home is £1616.37 after deductions using standard tax code
Annual bonus paid this month (was told this would be £4500.00) so gross pay should have been £6500.00. Amount that hit my bank account was £4165.54.
Is this correct ? Surely tax and NI on £6500 is not £2334.46, or is it ?
Regards
Tim
Need someone who is experienced in payroll to run this past.
Monthly pay is £2000, current take home is £1616.37 after deductions using standard tax code
Annual bonus paid this month (was told this would be £4500.00) so gross pay should have been £6500.00. Amount that hit my bank account was £4165.54.
Is this correct ? Surely tax and NI on £6500 is not £2334.46, or is it ?
Regards
Tim
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