SET(O) income question
Posted: Sun Mar 13, 2011 9:33 am
On the SET(O) form it asks what is your income after taxes and other deductions.
Is this the exact amount from a normal pay stub (without any bonus or awards) or a round number?
The reason I ask is that my net pay each month has been more or less constant but I recently opted to replace my car allowance with a company car so the net changed AND the benefit-in-kind tax deduction hasn't kicked in yet. I don't know if I just put the latest amount or an estimated amount and if so then with the extra £80-odd I know will be coming off or not. Not to mention 6 April the new NI and income tax rates kick in anyway.
Is this the exact amount from a normal pay stub (without any bonus or awards) or a round number?
The reason I ask is that my net pay each month has been more or less constant but I recently opted to replace my car allowance with a company car so the net changed AND the benefit-in-kind tax deduction hasn't kicked in yet. I don't know if I just put the latest amount or an estimated amount and if so then with the extra £80-odd I know will be coming off or not. Not to mention 6 April the new NI and income tax rates kick in anyway.