This Business and Moment...

[shadow_boxer]

Wowza. Any retribution if you bin them off?

Not really, simply thanks but no thanks and carry on until something better comes along. I have other employment with another surgery so even should things go south I'm prepared and ready to walk.

 

[Diddums]

Getting a nice chuckle out of this. I realise it's three years old and was made in a time when people were terminally offended and that everyone must change their entire existence lest they accidentally offend someone, but it still makes me laugh that we actually went through this as a society. In a discussion, one person interrupting another is called a "microaggression" and must be dealt with.

If you fancy a chuckle, please do this course

How to Be More Inclusive Online Class | LinkedIn Learning, formerly Lynda.com

Learn how to implement programs and best practices that help your organization be more inclusive.

www.linkedin.com

 

[HangTime]

How are other people dealing with the post-100k implications and childcare?

I am in a real productivity rut - if the spreadsheet on the GOV website is correct, I am entitled to £12ph x 38 weeks x 30 hours = 13,680 plus £2k tax-free plus £2k tax-free for my other child. That's £17,680 value whilst they're under two. It gets a bit less than that between 2 and 3, and a bit less again between 3 and 4. But still substantial value.

So to "see" anything in my take home, I need at least £146500k/year in salary to just break even? Assuming a flat 62% rate for assumption purposes.

Organisations need to wake up to this, no?

Timing wise we missed out of most of the free 15/30hrs childcare but in terms of the tax free childcare I think it depends a bit on how close to the 100k threshold you are and how much you are prepared to give up in terms of disposable income. If you are not far over £100k then to me it's a no-brainer to pay it down under £100k.
What I do is massively overpay pension and buy 5 days holiday but you're still kind of at the mercy of what bonus you end up getting i.e. you don't know what your annual income will be until it's nearly the end of the tax year.

I found getting the tax sorted around pensions a massive ballache and wasted many hours on that with HMRC. Like I made a lump sum payment and if your annual contributions are over the £40k (now £60k) you are supposed to be able to backdate to prior years to use some of your unused allowance from those years but it's really not transparent how this actually gets handled, if it's dealt with properly as it doesn't have an explicit section for that on the self assessment. I still don't really know if I've paid the right amount of tax or not going back years, my gut feeling is I've paid too much because I was getting huge amounts taken out for a period (I was paying way more in tax than my takehome), then I got six grand back as a correction or whatever but that seemed too small an amount.

To be honest, given what a faff I've found it all I'm actually tempted to take ChrisD's approach and just put everything back to default and pay loads of tax, since we need less childcare these days and I'm over the threshold that the 62% marginal tax rate applies (you can't get less than £0 personal allowance) i.e. say I get a £5k pay rise that will give me more increase in takehome than if I earned less money as the effective tax rate is lower.

 

[Diagro]

I'm in my last month of Redundancy. They put me on Garden leave, yet I get 2-3 calls per day asking for help from my "replacement" and the over seas guys.
I'm struggling to understand how my role was actually redundant... If they don't have the skills internally to do what I was doing.

I'm tempted to block all contact.... However, I don't want to risk my 4k payment in January.

I think the company will struggle in Jan. Because I WILL not be answering their emails or calls. (without an hourly compensation heh)

 

[dlockers]

Timing wise we missed out of most of the free 15/30hrs childcare but in terms of the tax free childcare I think it depends a bit on how close to the 100k threshold you are

With the numbers I can see on the website for my under 2 year old - I would need to clear 150k to break even by my maths.

 

[Throrik]

I think the company will struggle in Jan. Because I WILL not be answering their emails or calls. (without an hourly compensation heh)

Make sure you don't forget the minimum hours clause - you only work in batches of 5 hours minimum.

 

[NickK]

Submitted the first assignment this morning. Free day before the next one appears tomorrow.

It's been a learning journey. Countless years of management powerpoint slides have reduced my English skills to managementese plus my old university level of assignments enabled considerable time to be dedicated to alcohol studies.

 

[IC3]

Some of the interview questions I had in my last few interviews had no purpose, I wonder what the reason behind them was...

Edit:

Had been shortlisted for a job, with two options one is remote and other is hybrid both come with different annual salary. I did the maths and after deducting tax and travel costs (not including lunches/coffees or commute time) the hybrid options works out £100 less per month than the remote option. The only logical explanation to me is that the company is trying to help out with the travel associated costs those who want to come in, otherwise the remote option is a no-brainer. lol