Christmas stamps

[norris9]

i very happily after 7 months finished working for RM 4 weeks ago and im happy to say i got my stamps through the mail today yippee

What made you quit after 7 months?

[yellowbelly]

Anyone know when christmas bonus is being paid.

20th December

Cheers

Any idea how much its is AFTER tax?

As most posties are not in the billionaires club I would imagine most are
on basic rate tax so deduct 20% from the amount of bonus you get and don't forget it's paid pro-rata if you're part-time.

[k979aaa]

Anyone know when christmas bonus is being paid.

20th December

Cheers

Any idea how much its is AFTER tax?

As most posties are not in the billionaires club I would imagine most are
on basic rate tax so deduct 20% from the amount of bonus you get and don't forget it's paid pro-rata if you're part-time.

And dont forget NI and pension so say 25% so £150 full time not a patch on the managers £2000 bonus is it.

[RobertT]

Income tax is payable at 20% on earnings between £12,500 and £50,000 per year. Anything under is 0%, anything over is 40%.

NIC's are payable at 12% on earnings between £166 and £962 per week. Anything under is 0%, anything over is 2%.

So my calculations say that most full timers getting the £200 Christmas bonus, should get around £136 after deductions.

It is not pensionable!

Managers' bonuses would obviously see similar percentage reductions for tax and NIC's.