Tax & payslips?
Hi,
I've just got my payslip, and im a bit confused, i have no idea about any of this tax stuff, but i think im being taxed and i shouldnt be, can anyone tell me what it all means?
I have the deduction box which has the Tax & N.I in it (i understand that bit)
Then i have a accumulations box with National insurance, Tax, Taxable Pay, and Employers N.I and this is what threw me a bit.
What does the taxable pay mean? Because if that is how much i have earned to date, i shouldnt be getting taxed.
I only look into it because they have done this before.
But also recently my tax code has gone higher so i can earn a bit more before i get taxed.
Im really confused by this, if anyone can help em out, it would be much appreciated, because i need to know whether to speak to HR about it
Cheers,
Jade