10 Jun 2019, 19:44
I started last September as a postie and I was just looking at my P60 for last year. I paid just £10 in income tax because I was only just over the personal allowance but I paid £667 in NICs! If my income was averaged over the whole year, I'd have only paid £219. Basically because of some really heavy weeks of overtime, I was taxed 12% on any earnings over £166. If those hours had been spread in a more balanced way (e.g. averaged over a month), I'd have saved hundreds. So my question is a) why do we get weekly pay and b) can we opt to be paid monthly? Cheers.
11 Jun 2019, 12:07
Being paid monthly wouldn't have altered the amount of National Insurance Contributions that you paid since joining.