It’s a new tax year – here are the answers to the
questions our Payroll Team are frequently asked at this time of year...
Income
Tax
When will
I get my P60 Form for 2019/20?
P60
Forms, the end of year tax statements, will be issued by the end of the week
commencing 4th May 2020. These will be available on HR Connect
in the Pay & Benefits section, the same place you view your monthly
payslips. The P60s will also be emailed to employees who have completed their
e-form preferences on HR Connect.
How do I
check my e-Preferences are correct?
Here’s
how to ensure you are sent a P60 Form (and monthly payslips) by e-mail:
- Log into HR Connect Self
Service
- Click on the little face
icon in the top right-hand corner of screen
- Click on E-Form Preferences
- Tick ‘E-mail Payslip’ box
(if not already ticked)
- Enter your personal e-mail
address (if not already populated)
- Enter your password, and
then confirm password (if not already populated)
- Tick ‘E-mail P60’ box (if
not already ticked)
- Tick ‘Use the same password
for E-mail and P60’ box (if not already ticked)
- Click on the ‘Save’ button
Can my
P60 Form be sent to me on paper?
To
improve efficiency, we only issue electronic P60 Forms. You can print this
yourself from the PDF version or through HR Connect. Do not tick the ‘Print
P60’ box on HR Connect as we are unable to provided printed P60s.
Why is
the Taxable Pay figure on my P60 Form less than what I have earned for the
year?
The P60
Form shows Taxable Pay and not total Gross Pay, as this is the earnings figure
that is reportable to HMRC.
What is
the difference between Taxable Pay and Gross Pay?
Taxable
Pay is your total Gross Pay, less any deductions that attract tax relief –
including pension contributions, salary sacrifice deductions, and Give As You
Earn contributions.
What will
my new tax code be in the 2020/21 tax year?
Tax codes
are dependent on an individual’s personal tax, however the standard personal
allowance (Scottish) tax code for the new tax year has remained static this
year at S1250L.
For some
employees, due to their own personal tax situation, their tax code may have
increased or decreased. These employees should have received notification
of their new tax code from HMRC.
I think
that my tax code is incorrect. What should I do?
We action
all tax codes notifications that we receive from HMRC on a monthly basis. If
you believe your tax code on your payslip is incorrect, contact HMRC on 0300
200 3300. You will need to quote your name, your National Insurance number
and the University’s Tax Reference – 961/7027438.
Lothian
Pension Scheme
Why has
my pension contribution changed in April?
All
employees have their pension contribution banding reassessed on 1 April each
year. While most employees will continue to pay the same percentage in
contributions in April as they did in March, some employees will see an
increase, and others will have a decrease, due to contractual changes.
How do I
check if I am paying the correct percentage?
The
banding is based on your actual contractual earnings, which is your full-time
or part-time salary, plus any contractual allowances (if applicable). For
employees with more than one position at the University, the assessment is
carried-out on the earnings of each individual position, and not on your
overall employment earnings with the University.
This is
the earnings table for 2020/21. The University makes contributions of
20.9% into your pension fund.
I think that my pension contribution percentage is
incorrect. What should I do?
If you
believe that your contribution as detailed on your April payslip is not
correct, email payroll@napier.ac.uk.
Scottish Teachers’ Pension Scheme
Does this same banding reassessment exercise also
occur for the Scottish Teachers’ Pension Scheme?
Contribution
bandings are assessed on a monthly basis for this scheme. There has, however,
been a change to the monetary bandings that relate to each contributions rate
from April 2020. The current bandings and contribution rates are shown in the
table below. The University makes contributions of 23% to your pension fund.
