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Questions tagged [salary]

Questions related to periodic income earned through employment, especially in predefined amounts such as might be stipulated in a contract. This tag should be used in contrast to questions about wages, which are typically earned at a defined *rate* per time period rather than in defined total amounts.

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11 votes
1 answer
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With the Fringe Benefits Tax, should I even salary sacrifice for a car?

In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, your income ...
Zaenille's user avatar
  • 4,334
3 votes
0 answers
73 views

Is personal allowance used up by being paid in America?

I have just started a limited company in the uk and I’ve been contracting my services since jan 1st 2021. Previously I was being paid by an American company. All tax etc. was done in America and I was ...
CiaranWelsh's user avatar
3 votes
0 answers
151 views

Is it fine to use Savings account to pay salaries? what is the downside?

It is taking us time to get checking/current account for the business. We want to know, if it is OK to pay through Business Owner's personal savings account and still have it as a record of business. ...
Pooran's user avatar
  • 151
2 votes
0 answers
179 views

What happens to wages when you go bankrupt? (England)

I am having a difficult time keeping up with my payments during the pandemic after being furloughed since March. I have contacted StepChange and they have advised me that the best course of action for ...
bbface's user avatar
  • 21
2 votes
0 answers
148 views

Stock Options in Exchange for Salary

I received an offer letter with with the option to convert part of the salary to stock options as per the below table. Base salary is ₪33K/month (Israeli Shekel). Be aware of '₪' vs '$' in some ...
Hash88's user avatar
  • 121
2 votes
0 answers
95 views

What should I consider when claiming relocation expenses in a particular year?

I recently changed jobs with my employer offering relocation assistance as part of the compensation package. I have up to a year to claim the relocation expenses, which consist of the usual items: ...
jia103's user avatar
  • 141
2 votes
0 answers
53 views

Working overseas - Paid locally or USA?

I will be working in Indonesia but for an American company. They can pay me directly in Indonesia or in USA. I asked if they can split my salary between two payments (part to USA, part to Indonesia) ...
Kenka's user avatar
  • 21
2 votes
0 answers
236 views

Extra salary against London costs?

Until now I have always worked near my home in the South of England, currently for a salary somewhere between 35 and £40k. There is the possibility of a move to London, for which the initial ...
AC427's user avatar
  • 21
1 vote
0 answers
64 views

Question on ratio of median renumeration in balance sheet/Question on median salary of a company/ratio of median renumeration in annual report

Consider below Annual report of an company for the year 2021-22 https://on.tcs.com/Annual-Report-2022 In this report on page 89 we have data on "Ratio to median remuneration for all board members&...
sakeesh's user avatar
  • 111
1 vote
0 answers
60 views

Deducing purchasing power equivalent salaries under tax between two countries

I am trying to figure out how to compute the equivalent salary in a country B given a salary in a country A by taking into account purchasing power parity and tax rates in both countries. The ...
lo tolmencre's user avatar
1 vote
0 answers
56 views

Help on calculating national insurance obligations as a director of a UK based limited company

For the Jan 2020 to Jan 2021 I was working and being paid in the US. All tax etc. was paid in the US. I came back to the UK and started a business - a limited company where I am director and only ...
CiaranWelsh's user avatar
1 vote
0 answers
1k views

Do I have to pay UK tax on earnings from Saudi Arabia

I started working in Saudi Arabia on the 31st August 2015, I plan to resign from my job and return to the UK mid July 2015. Will I have to pay UK tax on my earnings from Saudi Arabia? I don't own ...
user29527's user avatar
0 votes
0 answers
41 views

Demystifying LTA: Monthly Component and Travel Block Limitations

my salary slip shows a monthly LTA component, but the block period allows only 2 trips in 4 years (2022-2025). Only 1 trip, in a financial year, can be claimed I guess. What does this monthly limit ...
InvestInYourFuture's user avatar
0 votes
0 answers
117 views

How to evaluate equity requirement for a stealth startup?

I was asked for salary expectations at a stealth startup. How to go about deciding on the amount of equity when there is no information on their numbers (sales, valuation, etc.) online?
rahs's user avatar
  • 353
0 votes
0 answers
67 views

Tax in India and UK

I came to the UK in March 2019. Due to other formalities, my bank account was opened in April 2019. So in March 2019 my Indian salary got credited in an Indian bank account after tax deductions. In ...
ago.net's user avatar
-1 votes
1 answer
617 views

Time of resignation and impact on pay if paid bi-weekly instead of bi-monthly

My company has just switched from bi-monthly pay to bi-weekly. The result is that for the first few months of this year, we are actually paid less than for later months in the year. I of course ...
Georgie's user avatar