Illustration based on the following assumptions

Employee has worked 37.5 hours.

Employee is aged 25 or over and is eligible for National Living Wage.

Employee on the standard 2017-18 Tax Code of 1150L.

ADVANCE has retained a standard margin.

Tax & National Insurance allowances have been calculated on a weekly basis.

Employee is assumed to be on a 'Week1/Month1' tax code, whereby the employee's year-to-date tax figures are not taken into consideration when calculating tax.

Employee has claimed for 170 miles, reimbursed at 45p per mile (this figure is based on the average mileage processed for employees claiming mileage from ADVANCE during October & November 2016 - rounded up).

The only exception is the £12 hourly rate illustration. In this scenario, the employee has claimed for 72 miles.


Employee has claimed for five days of subsistence allowance at £10 per day, based upon the prevailing HMRC benchmark scale rates as of April 2017:

https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim05231

Holiday pay for the employee has been calculated as 12.07% of the employee's gross pay and has been paid and processed to the employee as part of their weekly payment.

The employee has remained opted-in to ADVANCE's pension scheme, with employer & employee contributions calculated at 1% each of the employee's gross pay.

Keen to learn more? Get in touch.
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