Hi All,
I have started anew job and expect to pay emergency tax for my first months pay as my p45 may not have been in on time for payroll. What is the best way of estimating my take home pay for the month?
"Under the normal Emergency Basis where a valid PPS number has been provided, a tax credit and Cut-Off Point (COP) is given for the first number of weeks and it is based on the single personal tax credit and COP for the tax year in force regardless of the employee's marital status."
So if the above basis applies, you'll get the standard tax credits and cut-off point for a single person in the first month and you can calculate your take-home pay on that basis. Thereafter, the level of deductions increases significantly so it's important that you get the P45 to your employer ASAP.