+ Reply to Thread
Page 1 of 7 1 2 3 ... LastLast
Posts 1 to 10 of 61
  1. #1

    Still gathering requirements...

    AnnaO's Avatar
    Join Date
    Dec 2011
    Posts
    27
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default Parasol = Thats a lot of deductions!

    Hi All

    I have recieved my payslip from Parasol and the deductions show:
    Employee nationl insurance = 300.96
    PAYE income tax = 497.20

    Previous pay this period = 681.98!!!

    The 681.98 is what I earned in October (started the last week in oct)

    So I cant figure out why it is down as a deduction. Have you guys had this on your Parasol payslips?

    Regards
    Anna

  2. #2

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Back in the Big Smoke
    Posts
    3,036
    Thanks (Given)
    25
    Thanks (Received)
    43
    Likes (Given)
    203
    Likes (Received)
    202

    Default

    I'm due mine in the next day or so, so I'll let you know. Just to make you aware there's slight controversy with Parasol at the moment down to possible hidden charges so you may what to have a look at this thread: http://forums.contractoruk.com/umbre...-required.html

  3. #3

    Should post faster


    Join Date
    Nov 2011
    Posts
    116
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by AnnaO View Post
    Hi All

    I have recieved my payslip from Parasol and the deductions show:
    Employee nationl insurance = 300.96
    PAYE income tax = 497.20

    Previous pay this period = 681.98!!!

    The 681.98 is what I earned in October (started the last week in oct)

    So I cant figure out why it is down as a deduction. Have you guys had this on your Parasol payslips?

    Regards
    Anna
    Is it definitely down as a deduction? Or just as a pay-to-date information figure?

    Have they at least calculated your Employers NI correctly?

  4. #4

    Still gathering requirements...

    AnnaO's Avatar
    Join Date
    Dec 2011
    Posts
    27
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by The Spartan View Post
    I'm due mine in the next day or so, so I'll let you know. Just to make you aware there's slight controversy with Parasol at the moment down to possible hidden charges so you may what to have a look at this thread: http://forums.contractoruk.com/umbre...-required.html
    Thanks Spartan, this is only my second payslip from Parasol and I cant understand why Oct pay shows as a deduction on Nov pay! Let me know if this is the same on yours! Many Thanks, Anna.

    p.s. I have queried it with parasol and am hopeful of a response today, I will let you know what they say.

  5. #5

    Still gathering requirements...

    AnnaO's Avatar
    Join Date
    Dec 2011
    Posts
    27
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by Wary View Post
    Is it definitely down as a deduction? Or just as a pay-to-date information figure?

    Have they at least calculated your Employers NI correctly?
    Hi Wary

    Yep - it is down as a deduction

    1 Employee NI - 300.96
    2 PAYE Income Tax - 497.20
    3 Previous pay this period. - 681.98

    Total Deduction = 1480.14

    I dont know how to check if the NI is correct - Is there a method?

    Many Thanks
    Anna

  6. #6

    Should post faster


    Join Date
    Nov 2011
    Posts
    116
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by AnnaO View Post
    Hi Wary

    Yep - it is down as a deduction

    1 Employee NI - 300.96
    2 PAYE Income Tax - 497.20
    3 Previous pay this period. - 681.98

    Total Deduction = 1480.14

    I dont know how to check if the NI is correct - Is there a method?

    Many Thanks
    Anna
    Very peculiar!!! There is no reason why it should be a deduction.

    Calculate Employers NI as
    1) Subtract their fees, your expenses, your pension payments ... from the gross amount received from the agency
    2) Assuming you're paid monthly, Employers NI = ((x-589)*0.138)/1.138 where x is the amount calculated in step1.

    Let us know whether it checks out.

  7. #7

    Still gathering requirements...

    AnnaO's Avatar
    Join Date
    Dec 2011
    Posts
    27
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by Wary View Post
    Very peculiar!!! There is no reason why it should be a deduction.

    Calculate Employers NI as
    1) Subtract their fees, your expenses, your pension payments ... from the gross amount received from the agency
    2) Assuming you're paid monthly, Employers NI = ((x-589)*0.138)/1.138 where x is the amount calculated in step1.

    Let us know whether it checks out.
    Cheers Wary, there is a 24 quid difference. I will ask parasol once they have replied to the mystery deduction!

  8. #8

    My post count is Majestic

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    32,761
    Thanks (Given)
    132
    Thanks (Received)
    1283
    Likes (Given)
    1679
    Likes (Received)
    5685

    Default

    Parasols deductions have been discussed and explained in great length in other threads by other contractors and parasol themselves. Do a search at the top right for more info
    'CUK forum personality of 2011' - Winner - Yes really!!!!

  9. #9

    Super poster

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Back in the Big Smoke
    Posts
    3,036
    Thanks (Given)
    25
    Thanks (Received)
    43
    Likes (Given)
    203
    Likes (Received)
    202

    Default

    Quote Originally Posted by AnnaO View Post
    Cheers Wary, there is a 24 quid difference. I will ask parasol once they have replied to the mystery deduction!
    It's the link that I posted earlier and basically put they're charging us more to cover the costs they've incurred by AWR and of course without telling us

  10. #10

    Should post faster


    Join Date
    Apr 2010
    Location
    Manchester
    Posts
    185
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by AnnaO View Post
    Hi All

    I have recieved my payslip from Parasol and the deductions show:
    Employee nationl insurance = 300.96
    PAYE income tax = 497.20

    Previous pay this period = 681.98!!!

    The 681.98 is what I earned in October (started the last week in oct)

    So I cant figure out why it is down as a deduction. Have you guys had this on your Parasol payslips?

    Regards
    Anna
    Hi Anna, I did pass your query on after your email at 11.23. I know you said you would rather have an email then a phone call but I have asked our team to get back to you this afternoon.
    Last edited by Steven@Parasol; 5th December 2011 at 13:53. Reason: spelling

+ Reply to Thread
Page 1 of 7 1 2 3 ... LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.