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Author: Admin | 2025-04-28
Next payslip. So if you received your last payslip on the 28th August, and are paid monthly, enter the payslip date as 28th September. Make sure the pay period is exactly one increment above the previous pay period. If your next payslip is in a new tax year, i.e. past the 5th April of the current year, make sure you select the correct tax year and make sure the pay period is period one.Now, enter the basic pay you receive regularly. If you have overtime pay, underneath that box you can enter your hourly rate and then key in the hours or amounts earned. The calculator will automatically calculate the gross income or hours worked depending upon what you enter.Any bonus or commission payments should be entered, so if you expect to be paid £500 commission in the next pay packet, enter 500 in commission; the same goes for bonus payments.The 'Gross Income To Date' figure from your previous payslip provides the amount of money you have made up to that date. You may have to add the gross income from your last payslip to that figure and then enter it into 'Gross Income To Date'. The same goes for the 'Tax Deducted To Date'.Once you have entered the above information, hit calculate to generate an estimated payslip for the next pay period.Due the cumulative manner in which PAYE tax is deducted, the figures from the last payslip are used to deduce the amount of tax free income you are allowed in the selected pay period. After that has been taken into account, tax bands are divided into the frequency by which you are paid and the pay you receive is split into parts which are to be taxed at the basic, higher and additional rates of tax.National Insurance Contributions are calculated using the exact percentage method, rather than by using tables – this will be accurate for employees but directors use a cumulative NIC calculation, which is out of the scope of this application.To see every tax month and tax week for the tax year use our payroll tax calendar for the 2024/2025 tax year. Use our what will I be paid? calculator to predict your next payslip. It is a faster method as it can work out things like the overtime you did in this pay period, and how much extra gross pay you need in the current
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