Final Giant Payroll

[AZZIK]

If you stick with Giant then won't your PAY got through strongbox and you lose out on money if money is not in your account by 6th April

[TheRightStuff]

If you stick with Giant then won't your PAY got through strongbox and you lose out on money if money is not in your account by 6th April

Just spoke to SJD and Giant and they both say it's not when you get paid it's the actual days of work you invoice for. Giant can pay at the end of April and it will still be ok if it's for work done prior to April 6th.

[TheRightStuff]

GIANT E-MAIL SENT YESTERDAY

As a result of the changes for MSCs announced in the budget Giant Powerhouse will not pay dividends or expenses, for work done after 5th April 2007. All invoices for work done before the 6th April 2007 will be paid as salary, dividends and expenses as usual.

If your contract with Giant Powerhouse goes beyond 5th April 2007 the balance of the contract will be transferred to Giant Strongbox (our award-winning umbrella) for you to continue entering your timesheets and expenses in the new tax year. You need take no action and we will organise this with your agency.

Funds received from your agency on Wednesday 4th April 2007 will be paid as normal on Thursday 5th April 2007, where you are WEEKLY paid.

If you are MONTHLY paid and have a pay date between 6th and 9th of the month, you will be paid on the 10th April, unless you have already been paid in April. If your pay date is after 9th of the month you will be paid as normal.

If we have received funds from your agency on Thursday 5th April and you require funds on that day, please request an advance, BEFORE 12:00PM on Thursday 5th April, otherwise you will be paid on the next working day, Tuesday 10th April.

Over the Easter Bank Holiday period Giant's office will be closed but you will have full access to our website and your portal.

[TheRightStuff]

final Giant Payroll has been done and it was paid on the 5th April and was made part of March pay period. Great news and very efficient I thought.
however, I now have two payrolls for the March 07 pay period as it included also includes Febs pay - paid monthly.

Because of this I'm a couple of hundred quid short of what expected. Usually I get around a 79%-80% gross to net pay ratio. For March pay the % has gone down to 76.5%.

The biggest hits have been on employess social Security and tax and employers social security.

Called Giant and he said it's something about my monthly tax limit / tax code.
He suggest contacting HMRC for a rebate or to get my tax code changed for next month. Do I really want to contact big brother????

I did suggest to the Giant contact that I could just wait until I do 06/07 self assessment as it should eventually work itself out. He said it sounds like that would work but wasn't 100% sure. Any ideas???

[dmini]

NI payments I would assume (maybe wrongly) they have calculated correctly - if so there is nowt you can do on them - it's just they've paid you more as salary, so you've paid more NI. You can do basic calculations on total salary for the month on a multitude of websites - either use them, or download the tables! NI is not cumulative, it is generally charged on either a weekly or monthly basis, and amounts reset at the end of that month

On your tax you should be on a cumulative code - so it shouldn't have an effect on tax overall, if you got no salary for feb & 2 lots in March, your allowances carry forward - so it sounds like the sums could be out

I would not both asking for a tax code change - just claim it back, on self assessment!