Post
by humble_soldier » Wed Sep 15, 2010 9:12 am
Hi guys,
I really hope you can provide me with advice here - I am really stressed about the amounts on my umbrella payslip.
Basically, I am claiming points for earnings higher than £35000. I am doing this in an 11-month time window (consecutive months) to allow a little more time for my application.
The lowest amount I have earned for a month (hours x pay) is £3150, and the highest for a specific month £3700.
To explain my payslip situation, I will use the example of £3150. This is the gross amount before any deductions. This amount is listed on my payslip as Total Gross Pay.
However, I can claim expenses like accommodation and travel, which is deducted from this gross income to give the gross taxable income. This amount is also listed on the payslips.
If these amounts are considered, I cannot claim points for earnings.
In a nutshell, what the umbrella contractors are seemingly doing, is to take my gross income, subtract expenses, and then calculate tax and NI on these amounts.
The actual amount of net income is my gross earnings (the hours worked x pay eg £3150) minus tax and NI. The expenses do not get counted to improve my net earnings.
However, on the left hand column of the payslip, there are three columns: Basic Pay, Holiday Pay and Expenses. The sum of these amount corresponds exactly to the Total Gross Earnings (eg £3150).
Is this going to pose a problem for my application? If not, what documents do I need exactly?