Thread: Tax & payslips?
View Single Post
Old Jun 26, 2007 | 11:26 AM
  #1  
Jade1's Avatar
Jade1
PassionFord Post Whore!!
 
Joined: Jul 2006
Posts: 3,648
Likes: 0
From: Reading
Default 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
Reply