I
iecontractor
Guest
Hi,
I've been contracting through CxC under the umbrella plan since mid August;
On my first payslip from CxC I received about 88% of the total amount paid. Which made sense, as CxC mentioned I would receive about 88% back when I first signed up.
The last payslip I received about 70% of the total amount. Because the contract was only 7 weeks, the last payslip was for September and 1 week of October, all in one.
On the last payslip I was charged PAYE (20% on the first 2833 and 41% on the rest) and on the first payslip I was charged no PAYE or PRSI . I was under the impression contractors did not pay PAYE as a normal employee would? Is this right?
I've been contracting through CxC under the umbrella plan since mid August;
On my first payslip from CxC I received about 88% of the total amount paid. Which made sense, as CxC mentioned I would receive about 88% back when I first signed up.
The last payslip I received about 70% of the total amount. Because the contract was only 7 weeks, the last payslip was for September and 1 week of October, all in one.
On the last payslip I was charged PAYE (20% on the first 2833 and 41% on the rest) and on the first payslip I was charged no PAYE or PRSI . I was under the impression contractors did not pay PAYE as a normal employee would? Is this right?
Code:
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]Invoice value €3750.00[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]- Management fee -€125.00[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]-Employers PRSI -€351.86[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]Gross Salary €3273.14[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]PAYE:[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]2833.33 @ 20% 566.67[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]439.81 @ 41% 180.32[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]Total 746.99[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]- tax credits -293.33[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]PAYE Due €453.66[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]PRSI:[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]Gross Salary 3273.14 @ 2% health contributions 65.46[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]PRSI 3273.14 – 550.33 = 2722.81 @ 4% = 108.91[/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=navy][COLOR=navy][FONT=Arial]Total Employee PRSI €174.37[/FONT][/COLOR][/COLOR][/SIZE][/FONT]