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First month's pay?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
How is your first month's pay in a job usually worked out?
I'm on an annual salary, and I started the job on the 11th of Feb. I'm trying to work out how much I'm going to get paid at the end of this month. Would it be my monthly salary divided into the working days (multiplied by the days I worked), or monthly salary divided into the number of days in the month, and then multiplied by days I was employed?
I'm on an annual salary, and I started the job on the 11th of Feb. I'm trying to work out how much I'm going to get paid at the end of this month. Would it be my monthly salary divided into the working days (multiplied by the days I worked), or monthly salary divided into the number of days in the month, and then multiplied by days I was employed?
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Example: if your annual salary is £12k, divide by 12 = £1k, divide by 29 (days) = £34.48. £34.48 x 10 (1st to 10th) = £344.80. £1000 - £344.80 = £655.20 for your Feb pay packet.
Obviously other places might do it other ways, depending on your contacted hours or other things.. Hope the above helps a bit
However, mine was paid very differently, make sure you let them know your tax situation, as BritJamez touched on. If like myself you have not worked previously, or not very much, then you are due a lot of tax free wages. This means much more cash in your pocket :thumb:
I shouldn't be paying tax until April, as I haven't worked. They've put me on an emergency tax code, though.
On £14k, my gross pay for this month is £833.33. I'm not sure how they got that number. £43.82 NI and £65.03 tax to pay, though - I should get the £65 back.