Your calculation is as follows:
Based on £ in wages paid and liability order.
- First Deduction: £
- Second Deduction: £
No deduction is taken on amounts less than £
Deductions are made against the total net earnings (take home earnings). The deduction rate percentages are set by central government.
What are earnings?
Wages or salary including any:
- overtime pay
- other pay in addition to wages or salary payable under a contract of service
- statutory sick pay.
What are net earnings?
For the purpose of a CTAEO, net earnings is the amount that remains after the following deductions:
- income tax
- primary Class 1 national insurance contributions
- superannuation contributions (pension)
- any deduction with a high priority.