Your calculation is as follows:
Based on £ in wages paid and liability order.
- First Deduction: £
- Second Deduction: £
deduction £
No deduction is taken on amounts less than £
Deductions are made against the total net earnings (take home earnings). The deduction rate percentages [PDF, 68Kb] are set by central government.
What are earnings?
Wages or salary including any:
-
fees
-
bonus
-
commission
-
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
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superannuation contributions (pension)
-
any deduction with a high priority.