Mid tax year Salary Sacrifice

DanAtkinsonUK

Hi all

I have a case for a client who is going to sacrifice most of their income down to minimum wage (c£63k down to c£15k). He is 4 months into the year and so has paid quite a bit of IT so far.

PAYE works on a cumulative basis so the months where he had a much higher taxable income get taken into account (or so I gather). Does anyone have a spreadsheet/tool that they would be willing to share to help me do this - otherwise I will be working out his payslips :-(

Thanks

Dan

DanAtkinsonUK

Sortof fixed this. The government has an online tool for payroll peeps to check PAYE calculations. So I am using that to work out the monthly IT cumulative!

http://payecalculator.hmrc.gov.uk/

DanAtkinsonUK

If anyone has a more elegant solution I would love to know 

DanAtkinsonUK

If you need it the NI calcs can be done/checked etc with a HMRC tool too :-)

http://nicecalculator.hmrc.gov.uk/Class1NICs1.aspx

High 5 to @JoCHague (I think) for telling me about the HMRC Calculators

JoCHague

DanAtkinsonUK said:

If you need it the NI calcs can be done/checked etc with a HMRC tool too :-)

http://nicecalculator.hmrc.gov.uk/Class1NICs1.aspx

High 5 to @JoCHague (I think) for telling me about the HMRC Calculators

 I've been using the HMRC tool for this too but I also use http://www.uktaxcalculators.co.uk/

They have an app - it's pretty clear on the ipad and handy for payslip calcs.