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got our revision money today

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
daveyeff
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got our revision money today

Post by daveyeff »

i should be shouting YIPPEEEE, but i paid 172 quid in tax, normally on our flat pay of 393.72(full time, top line) the tax is 44 quid, so i reckoned with a grand and 8 quid on top, the tax would,ve been approx about 115 quid. how fecking wrong was i. !! jeesus that cant be right though.,,,,,can it? other posties paid the same amounts so it must be. :evil/mad
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POSTMAN
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Re: got our revision money today

Post by POSTMAN »

Image
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
arnold cheshire
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Re: got our revision money today

Post by arnold cheshire »

daveyeff wrote:i should be shouting YIPPEEEE, but i paid 172 quid in tax, normally on our flat pay of 393.72(full time, top line) the tax is 44 quid, so i reckoned with a grand and 8 quid on top, the tax would,ve been approx about 115 quid. how fecking wrong was i. !! jeesus that cant be right though.,,,,,can it? other posties paid the same amounts so it must be. :evil/mad
how much national insurance??
Lincox
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Re: got our revision money today

Post by Lincox »

Extra tax and ni would be approx 31% of the extra amount you received.
daveyeff
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Joined: 12 Mar 2010, 19:38
Gender: Male

Re: got our revision money today

Post by daveyeff »

bringon4dayweeks wrote:
daveyeff wrote:i should be shouting YIPPEEEE, but i paid 172 quid in tax, normally on our flat pay of 393.72(full time, top line) the tax is 44 quid, so i reckoned with a grand and 8 quid on top, the tax would,ve been approx about 115 quid. how fecking wrong was i. !! jeesus that cant be right though.,,,,,can it? other posties paid the same amounts so it must be. :evil/mad
how much national insurance??
75 quid
daveyeff
Posts: 4699
Joined: 12 Mar 2010, 19:38
Gender: Male

Re: got our revision money today

Post by daveyeff »

a lad phoned our tax place yesterday, to querie the amount, apparently we,ve been taxed on the higher rate. he was told it would rectify itself over the year, ie. we should be paying a bit less each week til its refunded. time will tell. its not right though is it, i paid approx 50 quid more than i should,ve. if you owe them, they take it straight off you. twats
Last edited by daveyeff on 22 Apr 2012, 01:47, edited 1 time in total.
BELIAL
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Re: got our revision money today

Post by BELIAL »

POSTMAN wrote:Image
Have you met him? If not , you really don't know how crushingly accurate that post is, and big respect for your intuition and common sense :chuckle :Applause
Bye
daveyeff
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Gender: Male

Re: got our revision money today

Post by daveyeff »

hear hear (the pack of cunse)
arnold cheshire
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Re: got our revision money today

Post by arnold cheshire »

daveyeff wrote:i should be shouting YIPPEEEE, but i paid 172 quid in tax, normally on our flat pay of 393.72(full time, top line) the tax is 44 quid, so i reckoned with a grand and 8 quid on top, the tax would,ve been approx about 115 quid. how fecking wrong was i. !! jeesus that cant be right though.,,,,,can it? other posties paid the same amounts so it must be. :evil/mad
it should be 186 quid including national insurance and tax extra
daveyeff
Posts: 4699
Joined: 12 Mar 2010, 19:38
Gender: Male

Re: got our revision money today

Post by daveyeff »

thats the higher rate though, as i said, my colleague was told by the tax office we were taxed on this higher rate. we shouldnt have been though as it is a one off payment, we got 2 and a half times our weekly pay, but paid almost FOUR times the tax.
Lincox
EX ROYAL MAIL
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Re: got our revision money today

Post by Lincox »

It,s because this is near the start of the tax year and because of this extra payment your weekly average earnings at present are in excess of the higher rate tax threshold. As the weeks go by your average will decrease substantially until the point when this average falls below the higher rate tax threshold. At this point you will have been paid back what you have overpaid and your tax will have stabilised based on your normal weekly earnings.
daveyeff
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Joined: 12 Mar 2010, 19:38
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Re: got our revision money today

Post by daveyeff »

Lincox wrote:It,s because this is near the start of the tax year and because of this extra payment your weekly average earnings at present are in excess of the higher rate tax threshold. As the weeks go by your average will decrease substantially until the point when this average falls below the higher rate tax threshold. At this point you will have been paid back what you have overpaid and your tax will have stabilised based on your normal weekly earnings.
aye, thats what they told me mate. cheers though :wave
hans solo
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Re: got our revision money today

Post by hans solo »

daveyeff wrote:a lad phoned our tax place yesterday, to querie the amount, apparently we,ve been taxed on the higher rate. he was told it would rectify itself over the year, ie. we should be paying a bit less each week til its refunded. time will tell. its not right though is it, i paid approx 50 quid more than i should,ve. if you owe them, they take it straight off you. twats
they dont take it off glasgow rangers though thats not fair
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: got our revision money today

Post by arnold cheshire »

daveyeff wrote:i should be shouting YIPPEEEE, but i paid 172 quid in tax, normally on our flat pay of 393.72(full time, top line) the tax is 44 quid, so i reckoned with a grand and 8 quid on top, the tax would,ve been approx about 115 quid. how fecking wrong was i. !! jeesus that cant be right though.,,,,,can it? other posties paid the same amounts so it must be. :evil/mad
do you think this happened because its the start of the financial year ? would this have happened in november ? isnt it up to the employer to first deduct tax then pass it on to hm revenue and customs therefore royal mails fault ???