Advice for work!

alexx · 17 Dec 2009 at 18:29

Hey guys just wondering if you could help me with a bit of a work / pay querie

I've been at my place now for about 5 months on a graduate scheme giving me £1200 cash no tax every month for a 9-5er

Im pretty valuable to the company from what i bring and replacing me for less of a price would be fairly hard but not impossible for them to consider

anyway...

The placement is over and they said theyd give me £17500 a year but that works out after tax and student loan £100 less than what im currently on.

With tax and ni calculated theyd need to give me £21k for me to be able to get the same amount (£1200) after tax

Should I go in with that and see what they say or is that cheeky in this climate?

Dont want to mess myself up at xmas!
thx

cymatty · 17 Dec 2009 at 18:35

Seeing as they are already giving you a rise to £1458 pm I think its a little cheeky.

Welcome to the wonderful world of tax.

gumbald · 17 Dec 2009 at 18:35

Yeah, they probably won't see it the same way as you do...

Jono8 · 17 Dec 2009 at 18:36

isnt what they have been doing illegal?

alexx · 17 Dec 2009 at 18:38

nope its a graduate scheme paid by a goverment funding company so its tax exempt,

I know its wrong working in "after tax" prices but why did they say theyd give me a payrise after my placement if they knew i was currently getting 300 in pocket a week?

smuck!

cymatty · 17 Dec 2009 at 18:40

Jono8 said:
isnt what they have been doing illegal?

Edit - answer posted above

cymatty · 17 Dec 2009 at 18:41

alexx said:
nope its a graduate scheme paid by a goverment funding company so its tax exempt,

I know its wrong working in "after tax" prices but why did they say theyd give me a payrise after my placement if they knew i was currently getting 300 in pocket a week?

smuck!

Because it is a rise from £1200 to £1458, if they had left it at £1200 then you have something to complain about.

alexx · 17 Dec 2009 at 18:44

but thats assuming the 1458 doesnt get taxed which would make that unfair to measure as its still a actual cash in my pocket £90 drop between the 2

Quint · 17 Dec 2009 at 18:45

its the tax man, welcome to the real work

alexx · 17 Dec 2009 at 18:46

im only asking for £7.50 an hour in a skilled job, thats not too much to ask is it?!

JBuk · 17 Dec 2009 at 18:46

alexx said:
but thats assuming the 1458 doesnt get taxed which would make that unfair to measure as its still a actual cash in my pocket £90 drop between the 2

if you were still on £1200 you would start getting taxed after you had earned £6k, no?

alexx · 17 Dec 2009 at 18:47

no its £1200, tax cant be put on the graduate scheme im on its totally tax exempt and seperate from the tax year as it doesnt get declaired.

JBuk · 17 Dec 2009 at 18:48

alexx said:
im only asking for £7.50 an hour in a skilled job, thats not too much to ask is it?!

How many hours a week are you putting in? £17.5k is well over £7.50 p.h. on a 40hr week

alexx · 17 Dec 2009 at 18:49

JBuk said:
if you were still on £1200 you would start getting taxed after you had earned £6k, no?

btw i live in cumbria and used to live in singapore

the zoo is the best thing on the island
sentosa is a decent day out

the city life around the quay is great

if you want culture shock get the bus over to malaysia and youll see a lot more

cymatty · 17 Dec 2009 at 18:49

alexx said:
im only asking for £7.50 an hour in a skilled job, thats not too much to ask is it?!

Depends on a few factors like where the job is? what the prospects are like etc.

£17.5k from a Graduate job isn't too bad and its likely you will progress quickly making the current figure meaningless.

It could be worse you could be one of the hundreds of thousands of grads out of work

alexx · 17 Dec 2009 at 18:50

JBuk said:
How many hours a week are you putting in? £17.5k is well over £7.50 p.h. on a 40hr week

based it after tax and on a 9.30 - 6

but the hours are actually more flexible and a lot longer but its all prorata hence just working on a average 9-5

Redgie · 17 Dec 2009 at 18:50

Demand double or you'll start flushing databases!

InvaderGIR · 17 Dec 2009 at 18:51

cymatty said:
£17.5k from a Graduate job isn't too bad and its likely you will progress quickly making the current figure meaningless.

Haha, what?

I was on £15k as a placement student. I'd expect no less than £21k once I graduate...but I'll be pushing for a whole heap more.

alexx · 17 Dec 2009 at 18:52

alexx said:
btw i live in cumbria and used to live in singapore

the zoo is the best thing on the island
sentosa is a decent day out

the city life around the quay is great

if you want culture shock get the bus over to malaysia and youll see a lot more

its at a average company, quite a few problems but id like to change them, i wont stay here in the area for more than a year i doubt, trying to save to go traveling then ill move to the city like london, leeds or elsewhere!

my mate works at ITV and got 22k a year doing a easier job than mine straight out of uni a few years ago if thats to be used to help base

and when i was 18 i was on more wage than this in a gap year

the only reason it bothers me is that i need to have cash after living or there is no point doing it as it'll be catch 22 as i wont be able to save up anything

cymatty · 17 Dec 2009 at 18:52

InvaderGIR said:
Haha, what?

I was on £15k as a placement student. I'd expect no less than £21k once I graduate...but I'll be pushing for a whole heap more.

Its all relative some grad schemes pay 15k some pay 30k+, down south I would expect a slightly higher salary.