Originally posted by malvolio
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Reply to: RTI Net Salary calcs
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Previously on "RTI Net Salary calcs"
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Is it not likely to be due to directors NIC being on an annual basis? Ie if you're paying (say) £1,000/month salary, then for months 1-7 you'd be below the NIC threshold (no NICs deducted), month 8 you'd breach it part way through (small amount of NICs deducted) then months 9-12 you'd be having full NIC deductions.
This should be fairly consistent though, it wouldn't lead to the net pay jumping up and down.
This is one of the reasons for many people taking £641/month (for current tax year). It means by the end of month 12 you get right to the top of the NIC free bracket.
Plus PAYE quite often seems to vary by 20p month on month with the same gross salary and tax code...but I'm guessing you're talking about bigger variations than that?
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Originally posted by Scrag Meister View PostPrior to RTI I got an annual PAYE sheet.
I would then aggregate all the data and divide by 12 and get regular monthly payment values. HMRC quarterly, net salary monthly.
RTI has been different for most of the months since it was introduced.
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Prior to RTI I got an annual PAYE sheet.
I would then aggregate all the data and divide by 12 and get regular monthly payment values. HMRC quarterly, net salary monthly.
RTI has been different for most of the months since it was introduced.
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Originally posted by Scrag Meister View PostWhy is it so hard for my accountants to calculate the same amount each month on my new RTI payslip.
I have a standing order setup to pay me each month, but since RTi came in the amount varies every month.
Not a big deal but a tad annoying.
Your accountant should easily be able to explain the reason behind the changes.
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It's not difficult. Have you simply asked them to set the NET pay a particular figure each month? If not, perhaps ask. If you have, perhaps ask them why they can't do it. They should be able to.
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RTI Net Salary calcs
Why is it so hard for my accountants to calculate the same amount each month on my new RTI payslip.
I have a standing order setup to pay me each month, but since RTi came in the amount varies every month.
Not a big deal but a tad annoying.Tags: None
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