Is my umbrella scamming me?
For obvious reasons I will use a hypothetical example of a payslip they provide. The payslip includes my basic rate (e.g. £20 per hour)
I work 37 hours. So 37 x 20 = £740.
Petrol expenses of £60 are listed on the payslip under basic rate as 'Expenses (non taxable)'
From my basic rate of £740, they deduct
My Net Pay received is £740-300 = £440
So where, by slight of hand, have my £60 expenses disappeared to?
Can anyone explain? is this a scam or am I missing something?
For obvious reasons I will use a hypothetical example of a payslip they provide. The payslip includes my basic rate (e.g. £20 per hour)
I work 37 hours. So 37 x 20 = £740.
Petrol expenses of £60 are listed on the payslip under basic rate as 'Expenses (non taxable)'
From my basic rate of £740, they deduct
- Salary Deductions (PAYE & NI)
- Company Margin
- Employers NI
- Apprenticeship Levy
HYPOTHETICAL TOTAL £300
My Net Pay received is £740-300 = £440
So where, by slight of hand, have my £60 expenses disappeared to?
Can anyone explain? is this a scam or am I missing something?
Comment