Curious payrise format

Curious payrise format

Author
Discussion

randlemarcus

Original Poster:

13,528 posts

232 months

Thursday 23rd November 2017
quotequote all
Just had my payrise letter. It's come in the form of a one-off single payment that seems to cover the next year, i.e. through to Q3 2018. Aside from the obvious not impacting pensionable pay, and setting 2018 payrise against a baseline of 2016 salary, why would the delightful company have done this? Are there huge tax advantages?

randlemarcus

Original Poster:

13,528 posts

232 months

Thursday 23rd November 2017
quotequote all
Nope, not a penny. And the marginal tax rate means I get maybe 40% of that in my pocket. Not happy, just trying to figure out whether this is because they get massive Corp Tax advantages, or whether this is just there to encourage UK workers to look elsewhere.

randlemarcus

Original Poster:

13,528 posts

232 months

Thursday 23rd November 2017
quotequote all
Individual , and no build up. Only for senior folks as well, which makes it worse smile

randlemarcus

Original Poster:

13,528 posts

232 months

Friday 24th November 2017
quotequote all
Mr Overheads said:
You could always ask your FD. He/She will probably appreciate someone actively taking an interest in why something is done a certain way.
Possibly. Though my questioning it with my bosses boss seems to have made him quite uncomfortable biggrin

Was more interested in whether this bestowed tax advantages on the business that outweigh any bad feeling.