Originally posted by AnnaO
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Parasol = Thats a lot of deductions!
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Total Pay = 4,250
Expenses = 1330
Umbrella Margin = 119.50
Employment Costs = 429
Employee NI = 211
Tax = 224
Total net pay = 3,264
Both the umbrella margin and employment costs were deducted before the tax and NI from what I can seeIn Scooter we trustComment
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Originally posted by The Spartan View PostTotal Pay = 4,250
Expenses = 1330
Umbrella Margin = 119.50
Employment Costs = 429
Employee NI = 211
Tax = 224
Total net pay = 3,264
Both the umbrella margin and employment costs were deducted before the tax and NI from what I can seeBlog? What blog...?Comment
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Originally posted by The Spartan View PostTotal Pay = 4,250
Expenses = 1330
Umbrella Margin = 119.50
Employment Costs = 429
Employee NI = 211
Tax = 224
Total net pay = 3,264
Both the umbrella margin and employment costs were deducted before the tax and NI from what I can seeComment
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Originally posted by malvolio View PostThey would be, since these are expenses and hence reclaimable. Rather than pay them out and reclaim the non-BIK via the P11D at year end, the umbrellas simply deduct them from the gross before tax. It's one of the ways they make you think you're getting something for nothing.In Scooter we trustComment
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Originally posted by Wary View PostFrom these figures, I calculate your Employers NI as approx £268. Even if the Employment Costs include their £119.50, this is still less than the £429 you quote!
From this 3702 the rest is then taken like tax, NI, expenses etcIn Scooter we trustComment
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Originally posted by The Spartan View PostIt's really odd the payslip is a puzzle of numbers and their margin is taken out with the employment costs and they're not combined so it's 4250 - 429 + 119 = 3702
From this 3702 the rest is then taken like tax, NI, expenses etcComment
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Originally posted by Wary View PostIf they're deducting £119.50 IN ADDITION to the £429 employment costs, then it sounds like they really are shafting you mate!Blog? What blog...?Comment
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Originally posted by Wary View PostIf they're deducting £119.50 IN ADDITION to the £429 employment costs, then it sounds like they really are shafting you mate!Comment
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