#so when i see it deducted from my payslip every month it's just.

[waterandsilver]

glad my niece exists because the concept of me being alive to retire is absolutely ludicrous so i basically view my work pension as a little money i save for her each month... <3

[allenroy2023]

Friday January 6 2023

This year already looking like it's even going to be worst than last year, especially regarding my finances. Last year, right after midnight, I applied for my 2014 National Housing Trust refund. However, months after other people, who had applied long after me, got theirs, I still had not got mine. I never got mine until June and NHT explained it was due to an issue with my employer and after a back-and-forth between HR and Payroll Dept., the company finally admitted nonchalantly that it was their fault. But during that time when I was being directed to Payroll, who by the way, never answered any e-mail that I sent, I was told by HR that Payroll said, while checking on the monthly NHT deductions in 2014 (which NHT said never reached them), they discovered that I had not paid any National Insurance for years even though I explained that my payslips reflected that I did. I was told I would have to prove that to them and would have to go into their online system and make copies of every month's payslip going back for a few years (maybe 4 or more years. I don't remember as I'm not in front of my work computer now). I spent nights after work, searching through my records on HR's website, snipping and filing payslips so I could attach them to the e-mail I was going to send. When I finally sent them, HR said Payroll said I was not the employee who had the issue but another one. Later in the year, on May 26 some unscrupulous person cloned my card and withdrew $30,000 from my Credit Union account. I was told by the Credit Union, which is associated with my employers, that it would take 2 weeks to resolve. It took 5 months after numerous phonecalls and visits to the C.U., where I was promised many callbacks and never got a single one in those 5 months. Before that happened though, an ATM took the Mastercard given me by the C. U. Once again I was told 2-3 weeks and I would get a call. I'm in the 4th month now and no call and no card. I have to visit the C.U. office everytime I get paid or need to do a transaction, the last time being last month. The card still hadn't arrived. Soon I'll start working from the workplace again and it will just be a 5-minute walk to the C.U., and therefore no more expensive taxi fares to get a few dollars and no more begging time from my manager or working back the time when I reach back late from the C.U.

Employees whose salary goes to the C.U. are usually the last to see their pay, even though there is a close business relationship between the two, but the one thing that always comes through fast for me is my salary advances. Last year I applied Tuesday the 4th and got it Thursday the 6th. The Payroll person got promoted last year and a new employee to the company took over the Payroll position. Since then, my pay has been arriving earlier as if I was banking with a regular bank. So this year, when I applied for my advance on Tuesday the 3rd, I expected it to reach by yesterday Thursday the 5th or even earlier since this new person is in the position. And especially since I got a response from her Tuesday, when with the previous person I'd get none. Today, I e-mailed her and she explained she was on vacation in December and had urgent deliverables to deal with. However she said she had initialed the advances and was waiting on a approval. She apologized for the inconvenience. As we are trained to say, it's Mea Culpa, my fault, our fault, when God doesn't answer our prayers, and that was my one and therefore first big prayer of the year. So I'll say it's my bad management of my salary I'm December and now I don't know when I'll get my advance and I dare not pray about it because that will only make it worse. I have checked this for misspellings and I can't bother. I'm hungry with no food and the sounds of the rumblings of my stomach may soon put me to sleep. I guess I'm going to fast til whenever. Thank God that since last year I'm not so interested in life.

[prorevenge]

Screw me? Screw you; I want my money.

This is a revenge in multiple parts and apologies up front for the length.

About 30years or so ago I was 17 and about to head to University. An acquaintance through my parents church offered me a job working with him learning to be a pizza chef. Awesome, I'd need money for Uni and I'd already had a stack of jobs, so working hard was nothing new for me, but being a cook certainly was. My experience with Italian was limited to Pizza Hut. So I accepted that at the start I was a liability, not a help.

I started work, and to start with I worked free. Cool, but when it got to the point about 3 months later that I was opening by myself & taking whole shifts by myself, well, I should be paid. I screwed up all of my 17yr old courage and confronted the owner, let's call him Nick (because that was his name). He huffed and puffed and tried to tell me how terrible I was, but I stood my ground and now I'm on minimum wage. Not bad in my eyes at the time.

I worked there for another 3years, through most of my Uni degree, often putting in 30hrs contact at Uni, 30 hours at the restaurant and 30 hours of study, it was hectic, but just became the norm.

Towards the end I became a lot more savvy, and started researching labour laws, keeping records of my pay packets and end of year tax receipts and realised Nick (& other co-owners) were screwing me. I wasn't on the correct rate, they weren't deducting tax correctly and a couple of other accounting "oversights".

By then I was working with my (at the time) mate, let's call him Girlfriend Creeping Dickhead (GCD).

It was Sunday night - the place was packed I had tickets all the way down my line and GCD and I were pumped. We had a new boss (NB) who'd just bought into the business who thought he was the King Of the World because he was now a "restauranteur", a right wanker, but after years of having to stay back to cook pizzas on world cup nights for the bosses friends, or Chirstmas, NYE, etc I was sorta used to the grandstanding chest puffing behaviour.

The night in question the new boss would *not* let me start the second pizza oven (think a two tier oven - I was only allowed the top tier on) because it "cost too much". So here I am, oven FULL, two pizza chefs running full speed and we're only falling behind, because one oven wasn't enough and it was starting to cool down from being so full and opened so frequently.

NB gets a couple of tables of mates in. Instead of just asking us to cook some comp garlic bread or whatever, he starts loading up trays himself and putting them in the oven, not the worst crime, but because he had NO idea what he was doing, every 30s he'd open the oven to check them, cooling the oven down even further, potentially ruining the food we had in there and slowing us down measurably. I had the Head Chef chewing my ass out as his food was ready to go but my food on teh same tickets wasn't. It was hectic and not fun.

This Garlic Bread Bandit shit had to stop.

me: NB - Stop fucking with my oven. If you want garlic bread - just ask - I'll get it done immediately for you. NB: What? Huh? me: You're messing with my oven - you're cooling it down and we're too busy for this shit - just tell me and I'll make it. NB: Ok.

Did he do it? Nope, he kept on. Queue the same conversation another 2 times, the last time I told him I'd blow my stack if he did it again. You see where this is going. He did it again.

Now - after being consistently ripped off and abused (so many kooky stories from that place) for 3 years, my time was up there anyway, and this was the time to do it.

I looked at GCD and said "Yo. We out of here?" he looked back and simply said "Yup". We stripped our aprons and in front of the entire restaurant (pizza kitchen was in full view of the entire restaurant) threw them on the bench and told NB "We quit - All this, all these tickets, all the food in the oven you've fucked up, and your mates shitty garlic bread - this is all yours now - good luck"

Then we walked out - got some coffees from the baristas, sat in front of the Pizza area and watched him absolutely FLOUNDER. He had *no* idea what he was doing and there was literally no one else there that could help him. We could see food coming out from the kitchen, but the pizza on the same ticket was taking 20m or more longer to come out, tables were hopping mad - we could hear the grumblings all around us. I'll admit it was dickish, but undeniably satisfying to behold.

That's not the pro revenge though. The Pro revenge was that I'd been stealing my timesheet every Sunday night, photocopying it and then replacing it Monday mornings. I'd been doing that for over a year. I'd also told GCD to do it.

Monday I walk in and Nick was there and was *FURIOUS* at me, as I walking in you could see his chubby face turn bright red as he bellowed across the restaurant floor "What the FUCK do you think you're doing here? Get the FUCK out and never come back".

me: Nick - we've gotta talk. We can do it here or we can do it in your office, but trust me, you want to have this conversation privately. Nick: Fine - You come with me then (desperately trying to gain the upper hand back) and he storms to his shitty little office out the back Nick: about how he's going to withhold pay and a whole heap of other illegal hot air. Me: You done? Good... Here - read this:

I hand him a print out of an excel spreadsheet, a stack of photocopied timesheets, a stack of photocopied payslips, printed copied of the wage awards, all of which detail the amount he's ripped me off for.

Me: You owe me 6 grand. I'll take cash or a cheque now.

Did I mention he and the other bosses had *just* been simultaneously raided by the tax office and that they and the business were all on thin fucking ice? Yeah, bad timing for Nick the Dick.

Nick: Spluttering, wringing his hands "But, but, I can't afford it! Look I'll show you my bank accounts" as he physically starts scrambling to find his bank statements. Me: Nick I literally don't give a shit about you, your bank accounts or your situation, you owe me 6 grand *TODAY* or I take all of this to the Tax office and all of the other relevant government departments that will be *very* interested in this, because Nick... I have a feeling if you're doing this to me, you're doing it to other staff here as well huh? As for not having the money, well, again, not my problem, but you just bought a new $60,000 Pajero, so if you have to run that down to the car yard and sell it, again I don't give a shit but I get 6 grand TODAY.

He literally teared up a little, I'm not sure why, maybe through frustration, rage or just being screwed by someone he though waaaaay beneath him. But seeing a grown man who's abused you for many years cry at your hands is a pretty beautiful thing to behold as a 20yr old kid.

I got a cheque that day for my whole 6 grand (and yes, it cashed), but the best was walking out of his office with GCD standing there who deadpan just looked him in the eyes and said "Nick, we need to talk..." and in they walked in to do the same thing. $10k he "lost" that day.

The best part? A few of my friends at the restaurant caught wind of the fact that I had *enraged* him and asked what it was all about - I let them know how they were being screwed, how to take copies of all of their timesheets, and where to find the relevant laws. I know of several other people who did the same thing to him.

And that was how I left the hospitality industry and started working in my field of study, never to look back.

Hope you enjoyed my cake day present to y'all!

(source) story by (/u/faidel)

[alightwhendarknessfell]

I’m going to divert your attention towards politics for a moment, because I recently read a study that showed 1/3 of US millennials think communism is good and would vote for a far-left candidate. Coming from a country that endured 40 years of communism, I want to kindly ask anyone who reads this and identifies with that 1/3 of US youth to get the hell off the internet and go read a history book.

Communism. Does. Not. Work.

It may work in theory, but humans are inherently greedy. When equality is enforced by the state, the enforcers will always be “more equal” than the simple citizen.

For my parents, growing up in communism meant waiting in line every day after school to get the weekly ration of bread and milk. It meant doing homework under the light of a candle because electricity was cut off every day at 6pm. It meant 2 hours of state-controlled television every day. It meant that “walls have eyes and ears” and the nice next-door neighbour may be secretly reporting to the state police every activity that you are doing. It meant that, while for the outside world our economy was booming, while we were the biggest exporter of cereals in Europe, our own people were living in darkness and cold. And of course, members of the ruling party were living the lavish lives of those who are “more than equal”.

30 years ago, in 1989, Eastern Europe finally managed to subdue the communist specter - I say “subdue” because as long as we don’t learn from history’s mistakes, it will never be defeated.

December 2019 marks 30 years since more than 3000 Romanians died for freedom. Since then we have had one socialist government after another. For the past 3 years, we have been governed by the direct descendants of the Romanian Communist Party. Results? We report the highest economic growth in the EU. Meanwhile, inflation is through the roof and our social system is going to collapse soon. You know…that social system that offers basic income to every single citizen, regardless if he works 14-hour days in a factory or spends his days at the local pub drinking. The system which offers our senior citizens a monthly pension that’s barely enough to survive from one month to another, and our former dignitaries one that’s enough to buy a house every few months. Both sustained by taxpayers’ money, by the way.

Almost 40% of my gross monthly salary goes to the state in the form of income taxes. The “gross” row on my payslip shows 6,000, but the final “net” amount is only 3,600. And what does the state offer me in exchange for 40% of what I earn?

In theory, medical care. In practice, I have to pay for any doctor’s visit unless I’m dying in the ER. And even then, hospital stays over 3 days have to be paid.

In theory, I get free medicine for cancer, diabetes and many other chronic illnesses. In practice, if the electronic prescription system is down (a.k.a. 90% of the time), that medicine is no longer free.

In theory, as a woman I can get free screening for HPV and breast cancer. In practice, I have to pay for it myself and then apply for (and MAYBE receive) deductions.

In theory, schooling is free. In practice, as one of our former ministers of education so nicely said: “it’s free for the child”. Classroom equipment and furniture is often paid by the parents, books and uniforms are bought every September.

In theory, when I retire I will have a source of income. In practice, my calculations show that, in 10 years when my mom retires, her monthly pension will be just enough to pay the water and heating bills (considering, of course, that prices remain constant).

In theory, socialism is good. In practice, it’s the perfect cover for corruption and a slippery slope towards real communism.

So, for anyone who identifies with the results of the survey mentioned in the beginning: stop romanticizing communism, and stop drooling over socialism. I would hate to see a great country crash down because of some kids who don’t know shit about the real world.

My rant is over.

P.S. Before anyone can call me a stupid babyboomer brainwashed by Cold War propaganda:

I am one year younger than you, Ren, and everything I said can be confirmed by any Eastern European born before 1980.

Submission: Communism is shit lmao. I really don’t know why so many young people call themselves that other than to seem edgy. 

[moosefinch]

@cozy-and-sentimental replied to your post “today’s stressful Adult Task and why paying in advance is stupid”

If they held back the pay for September then why can’t they just deduct the over payment from that salary instead of asking you to “pay back” something you haven’t even received. And then release your final pay. I mean, isn’t that easier and more logical? But bottomline is you should get paid for all the days/hours you worked plus all other benefits due to you, if any, and taxed appropriately, correctly.

You don’t have to read all this, but I need to get it out of my system.

It’s a stupidly confusing system. They pay you partially in advance, eg on 10th August I got paid my salary for 1st August - 31st August. So if you leave part-way through a month, you will always have to pay back some money. 

I both did, and didn’t, leave part-way through a month. My last working day was the 30th of August, so I worked every day that I had been paid for in my August payslip. But I only officially left the company on 9th September, and the 1st-9th September was put through as unpaid holiday. For some admin reason, I assume. No big deal, or so I thought. 

Then I got a September payslip, with a figure for my salary for 1st September - 31st of September. However, none of that money made it into my bank account. Then I got another payslip in October that deducted the net amount in the September payslip. So they effectively cancelled each other out. I thought okay, just their way of balancing the books, that’s fine.

Then I got the letter saying I’d been overpaid by over £200. no big deal becomes very very big deal. 

After examining my payslips (which in themselves are unusually confusing), I think I’ve found the error. I think they have forgotten to deduct the September tax along with the September net salary in the October payslip, so my total tax figure has come up too high, resulting in them thinking there’s an overpayment. There’s definitely some figures that don’t stack up in that payslip. We’ll see when they email me the break-down they promised. 

[sampagu]

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How to calculate national insurance

How much Income Tax and National Insurance you should pay

As an employee, you pay Income Tax and National Insurance on your wages through the PAYE system. It’s important to check you have the right tax code and are paying the right amount.

Do you need to pay Income Tax and National Insurance?

You can earn a certain amount of income each year, called your Personal Allowance, before you need to pay any Income Tax.

In general, everyone gets the same Personal Allowance of £11,850 for the year 2018-19 (£12,500 2019-20)

However, you might get less if your income is over £100,000 or if you owe tax from a previous tax year.

You might also get a larger Personal Allowance if you have overpaid tax from a previous tax year.

How much can you earn before you need to pay Income Tax?

In the UK, the tax system is based on marginal tax rates. That means it’s worked out as a percentage of income you earn inside certain thresholds – you don’t pay the same amount of tax on everything you earn.

As an employee:

you pay 0% on incomes up to £11,850* (£12,500 for 2019-20)

then you pay 20% on anything you earn between £11,851 and £46,350 (£12,501-£50,001 for 2019-20)

you’ll pay 40% Income Tax on earnings between £46,351 to £150,000 (£50,001-£150,000 for 2019-20)

if you earn £150,001 and over you pay 45% tax.

For example, if you earn £52,000 a year, you pay:

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nothing on the first £11,850

20% (£6,899.80) on the next £34,499

40% (£2,260) on the next £5,650.

How much can you earn before you need to pay National Insurance?

As an employee:

you pay National Insurance contributions if you earn more than £162 a week

you pay 12% of your earnings above this limit and up to £892 a week (for 2017-18)

the rate drops to 2% of your earnings over £892 a week.

For example, if you earn £1,000 a week, you pay:

nothing on the first £162

12% (£87.60) on the next £730

2% (£2.16) on the next £108.

If you live in Scotland, National Insurance rates are different. Find out more on our Scotland Income Tax and National Insurance page.

What’s the difference between gross and net pay?

If you’re an employee, the money you earn (your salary or hourly wage) is called your gross pay.

When deductions from gross pay like tax and National Insurance have been taken off, the amount you receive is called your net pay.

You can see what your gross pay was and how much has been taken off (if anything) on your payslip.

How is tax and National Insurance paid?

If your income is more than your Personal Allowance in a year, you have to pay tax.

In general your Personal Allowance is spread evenly across your pay packets for the year and your employer will take out tax before giving you your pay.

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They know how much to take out through a system called PAYE (Pay As You Earn). If it turns out at the end of the year you have paid too much tax, you can get a refund; too little and you will have to pay extra.

Your employer will also make National Insurance deductions from your pay.

This is worked out on a weekly or monthly basis, or however frequently you get paid. Unless there has been a mistake, you cannot get back any of the National Insurance you pay, even if your earnings fall later in the year.

How PAYE works

When you start work, you’ll either need to hand in a P45 form from your last job, or complete HMRC’s new starter checklist, which you get from your employer.

These forms both tell HM Revenue & Customs (HMRC) you’ve started work and will be used to create a tax code.

Your tax code then tells your employer how much tax to take off your pay. The P46 form is no longer used.

PAYE might be used to collect tax not just on your earnings from this job but also on other income you have.

What is a tax code?

The amount of tax you pay depends on:

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how much income you have

how much tax you’ve already paid in the year

your Personal Allowance.

Different people have different tax codes, depending on their circumstances.

Every year, HMRC sends out a Coding Notice telling you what your tax code is and how much tax you’ve paid.

You can also find your tax code on your payslip. It’s usually made up of a few numbers and a letter.

How is my tax code worked out?

Your tax code is normally the amount you can earn without paying tax, divided by 10, with a letter added.

For example:

Tax code: 1185L

1185 becomes £11,850 earned before tax.

My tax code has no number, or starts with D followed by a number

This is usually because you have more than one source of income.

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Your Personal Allowance is used up on your main income source, and you pay tax on everything you earn from your second income source.

For example, you might work a main job during the day and do shifts in a pub or work in a factory in the evenings.

If you earn more than £11,850 a year in your main job, your second job will be taxed at the basic rate. This can also apply to pensions or money paid out by investments (dividends).

My tax code starts with K

This means you have tax from the past you still need to pay, or you get money or benefits that can’t be taxed before you receive it, like a State Pension or company car.

From this, your employer can work out how much should be paid towards what you owe.

The amount you pay will never be more than half the amount you’ve earned or received during the pay period (whether that’s monthly, weekly or another period).

Do you have the right tax code?

Sometimes your tax code isn’t right for your circumstances.

For example, if you started work recently and your correct tax code hasn’t been worked out before your first payday, you might be on an ‘emergency tax code’.

This means you might not be given the right Personal Allowance for you.

For 2018-19, the emergency tax codes are:

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1185L W1

1185L M1

1185L X.

If your tax code is one of these, HMRC will automatically update it, but it might mean that for one or two months your pay won’t be the same, so be careful with your budgeting.

How do I check my tax code?

To make sure you’re on the right tax code, check your code matches the Personal Allowance you should be getting.

What do I do if I think my tax code is wrong?

If you think your tax code is wrong, or if you’re in any doubt, contact HMRC.

It’s important you give HMRC all the information they ask for so you don’t end up on the wrong tax code and pay too much or too little tax.

Contact HMRC to sort out a tax problem.

If you think you’ve paid too much tax

It’s worth checking how much tax you’ve paid on your wages.

If you think you’ve overpaid tax, you can check if you’re due a refund on the GOV.UK website or use the HMRC online tax checker.

Depending on your circumstances, you might be able to ask for a refund using a form, or you might need to contact HMRC directly.

Contact HMRC to ask for a tax rebate.

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If you think you haven’t paid enough tax

If you think you’ve underpaid tax, then you might have to complete a tax return.

If this is the case, normal self-assessment time limits apply.

To pay an amount up to £3,000 through an adjustment to your tax code for the following year, you should file a return by 31 December following the end of tax year.

Otherwise, tax still due for the last tax year must be paid by 31 January following the end of the tax year in which the income arose.

If you think you haven’t paid enough tax, contact HMRC.

You might be asked to complete a tax return. Be aware if you don’t do this, you will normally have to pay penalties and interest once the underpayment does come to light.

Contact HMRC to sort out a tax underpayment.

Tips and bonuses

If you get money through your job that’s not part of your usual wages, like an annual bonus or tips from customers, you’ll have to pay tax on it, and usually National Insurance too.

Your annual bonus, if you get one, is treated as if it’s part of your normal wages. You’ll pay tax and National Insurance on it through PAYE, in the usual way.

If you get cash tips direct from customers or through a ‘tronc’ system (where tips are pooled and shared between staff members of the pool), you also need to pay tax on them, but not National Insurance, provided the amount you get in tips does not involve your employer. It’s your responsibility to tell HMRC about these tips. They will then give you a new tax code estimating how much you get in tips each pay period, and taxes you on that amount.

If a customer gives you a tip via their bank card when paying for a meal or service, and your employer decides whether to share it with you, they are responsible for sorting out the tax and National Insurance. If the employer passes such payments to a tronc, then the rules above apply and no National Insurance is due.

A service charge is not the same thing as a tip, because the customer doesn’t choose to pay it. A tip is a payment that’s given freely.

Benefits in kind

Sometimes your employer will offer benefits like a company car or health insurance as part of your remuneration package.

These are known as ‘benefits in kind’.

You might need to pay tax on the value of these benefits.

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Some benefits are always tax-free, such as employer contributions into a pension scheme for you, or childcare vouchers up to a limit.

Some benefits are always taxable. For example, goods that your employer lets you have for free or below cost price.

For some benefits it depends. For example, season-ticket loans are taxable if the value of all employer loans you get is more than £10,000 for the year.

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