Salary Advance

Glen_Quagmire

Just started a new job a few weeks ago. I started approx half way through the payroll month. My contract says I get paid every month on the 21st. I got paid the other day and it was a little over 1/3 of what I would expect to receive after tax each month. I worked 14 days before I received payment.

I asked about it and was told that I missed the payroll cut off point for that month so the company have given me an advance of 50% my gross salary however what I actually received was more like 37%.

I'm a bit concerned about the "advance" piece. Does this mean I will be deducted this out of next months salary?

Doesn't say anything in my contract about working a back month or working in arrears it just says I get paid every month on the 21st.

Any ideas?

davo10

What's your problem with this? Would you have preferred not to have been paid anything until next month? Next month you will be paid for the whole of next month, plus what you worked this month, less the money they advanced you.

You are probably on emergency tax until they sort out your tax credits, you get the extra tax paid, back when they sort out your deductions.

Mrs OBumble

The advance likely means that it was put thru as a one-off advance transation, rather than as a regular payroll transaction, since your details weren't in the system for a regular transation. So when they come to do payroll next time, they will pay you for 1.5 months and then they will deduct the advance (50% of your monthly salary), and then they will work out your tax after that.

To help things along, ask for their employer registration number, and call Revenue and tell them this and the date you started work there. Make sure that Revenue know what you have been doing up to now this year too.

Glen_Quagmire

Mrs OBumble wrote:

The advance likely means that it was put thru as a one-off advance transation, rather than as a regular payroll transaction, since your details weren't in the system for a regular transation. So when they come to do payroll next time, they will pay you for 1.5 months and then they will deduct the advance (50% of your monthly salary), and then they will work out your tax after that.

Mrs OBumble wrote:

To help things along, ask for their employer registration number, and call Revenue and tell them this and the date you started work there. Make sure that Revenue know what you have been doing up to now this year too.

But I did not receive 50% it was more like 35%, however I worked a half a month up to when I got paid. How does the advance get calculated?

I have already been onto revenue before I started the new job to transfer my credits which they did on a week one basis, therefore I should be getting taxed correctly.

davo10

Glen_Quagmire wrote: »

But I did not receive 50% it was more like 35%, however I worked a half a month up to when I got paid. How does the advance get calculated?

I have already been onto revenue before I started the new job to transfer my credits which they did on a week one basis, therefore I should be getting taxed correctly.

Rather than posting this on the Internet, just ask payroll when you are next in. If I were you, I wouldn't make too much of an issue about it until you get your pay check next month, by then it will have regulated.

whomitconcerns

It doesn't really matter op. They wont deduct 14 days pay next month. They will just deduct the financial amount they gave you from your net pay. You can't lose out here. It's grand

Glen_Quagmire

davo10 wrote:

Rather than posting this on the Internet, just ask payroll when you are next in. If I were you, I wouldn't make too much of an issue about it until you get your pay check next month, by then it will have regulated.

I will be asking next week, I'm posting here to get a heads up from others who may know how salary advances work because I don't, I've never had one before! Thats what boards.ie is about isn't it!

Mrs OBumble

The only rule is that there are no rules.

It's likely that they hadn't got your text credits cert yet when they did the pay run, so applied emergency tax to be sure.

Ask payroll of you really want to know. Or just wait and check next months payslip for the full story.