I've recently started a new job and are just wondering about wages and tax. My old job I was paid 20k a year and came home with 1299 a month after taxes. My new job pays 24k a year and will be paid 1389 a month.
For some reason I thought I was going to end up with more than just a 90 a month increase! Is this normal or should I look further into it?
It may be that the new employer is waiting for your tax code. If this is the case it will all come right in the end....
You may be on Emergency Tax Code. Did you give your P45 to your new employer?
An increase of 4K p.a. equates to 333.33 per month (gross). Tax is 22% and Class 1 NIC is 11%, so you should net 223.33. Were there any other deductions on your wage slip?
I've passed on my p45 and my pay slip shows my tax of 474L. No other deductions are on my wage slip and nor should there be...
There's something not right here. Tell us all the figures on your pay slip.
IANAL (nor an accountant)
20k should get you 1267 / month 24K should get you 1490As the others said, check your tax code.
Michel
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