Does your employer give you any extra at this time of year?
Christmas bonus pay from work?
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The last three years, we've not even had a cost of living raise, though we (will be) gifted with a £300 bonus each this year. Previous years have seen bonus pay-outs of varying amount, more based on salary (which I disagree with) but that was under a different owner (same business).
Originally Posted by Flash525:
“The last three years, we've not even had a cost of living raise, though we (will be) gifted with a £300 bonus each this year. Previous years have seen bonus pay-outs of varying amount, more based on salary (which I disagree with) but that was under a different owner (same business).”
“The last three years, we've not even had a cost of living raise, though we (will be) gifted with a £300 bonus each this year. Previous years have seen bonus pay-outs of varying amount, more based on salary (which I disagree with) but that was under a different owner (same business).”
I managed to get a £50 per pay increase after my last pay rise 6 years ago, my bonus will be appox £50 again like your it depends on salary.
No we get our annual bonus in April but it's not been anything to write home about the last few years
Originally Posted by GPW:
“Does your employer give you any extra at this time of year?”
“Does your employer give you any extra at this time of year?”
Yes he does, he gives us £100 extra in our wages.
It would be better if he gave it to us separately though because adding it to our wages means tax is deducted from it, so even though he gives me £100 I come home with £70 more than I usually do.
Still, I'm grateful for that. It's only a small business so it's good of him to give us extra, he doesn't have to.
Yes but it's dependent on the company performance it just happens to be paid at Christmas.
The amount varies according to position, salary & length of service.
The amount varies according to position, salary & length of service.
Not bad any bonus whatsoever here, not even cost of living pay rise. At my first job we had it good we got £600 (tax deductible) in November. When we got taken over though this was removed which was a shame.
We usually get £250 John Lewis card - which of course I declare. Our main bonus is paid at the end of March dependant on your & company performance.
Bank of Scotland used to pay a Xmas bonus, until they merged with the Halifax, who expected YOU to pay THEM!
This years Bonus is £2.5k
I also get a lump sum pay out on top of that which is all my un used Holidays, another £1.5k
And we get a Turkey sent to our address too
Oh and I get 7 weeks off for winter too, I think all that covers for my time off and more
I also get a lump sum pay out on top of that which is all my un used Holidays, another £1.5k
And we get a Turkey sent to our address too
Oh and I get 7 weeks off for winter too, I think all that covers for my time off and more
Nothing for me but my husband gets an extra weeks wages, entire workforce used to get it but now it's based on how you've worked during the year last year only two of them got he bonus, I can't see that changing much this year either.
I'm with the agreement that any bonus paid should be tax free, unfortunately it doesn't work that way for most, greedy government types. Can't even let us see a little extra without grabbing off it.
Which I think is wrong. A bonus, presumably one that comes from a pot or such should be evenly split across the board. If a business has 100 staff, and has £1000 in a bonus stash, each employee should get a straight up £100. It's a bonus. This nonsense of it being based on your salary is pathetic; it's those who are on a higher salary thinking they're somehow more entitled because they're better qualified or whatever; newsflash morons, your monthly wages reflect your qualifications, your bonus shouldn't.
The John Lewis bonus is usually quite a good one isn't it? IIRC, it's for someone working full time it's usually between £1500 & £2000. Are you employed by John Lewis? I'm assuming you're are...
Originally Posted by GPW:
“I managed to get a £50 per pay increase after my last pay rise 6 years ago, my bonus will be appox £50 again like your it depends on salary.”
“I managed to get a £50 per pay increase after my last pay rise 6 years ago, my bonus will be appox £50 again like your it depends on salary.”
Which I think is wrong. A bonus, presumably one that comes from a pot or such should be evenly split across the board. If a business has 100 staff, and has £1000 in a bonus stash, each employee should get a straight up £100. It's a bonus. This nonsense of it being based on your salary is pathetic; it's those who are on a higher salary thinking they're somehow more entitled because they're better qualified or whatever; newsflash morons, your monthly wages reflect your qualifications, your bonus shouldn't.
Originally Posted by whitecliffe:
“We usually get £250 John Lewis card - which of course I declare. Our main bonus is paid at the end of March dependant on your & company performance.”
“We usually get £250 John Lewis card - which of course I declare. Our main bonus is paid at the end of March dependant on your & company performance.”
The John Lewis bonus is usually quite a good one isn't it? IIRC, it's for someone working full time it's usually between £1500 & £2000. Are you employed by John Lewis? I'm assuming you're are...
I get the pensioners winter heating allowance.
Will be spending it on caviare and champagne as usual.
Will be spending it on caviare and champagne as usual.
Wow, nothing of the sort for teachers, unfortunately. We weren't even given our 1% pay raise in Northern Ireland - government took it off us!
So much for all I hear about the hard-done private sector and the gold-plated public one - sounds like the other way around tbh.
So much for all I hear about the hard-done private sector and the gold-plated public one - sounds like the other way around tbh.
No. I haven't worked somewhere that gives out a Christmas bonus for years now. I think the last one was probably late 90s or very early 2000s.
Originally Posted by ags_rule:
“Wow, nothing of the sort for teachers, unfortunately. We weren't even given our 1% pay raise in Northern Ireland - government took it off us!
So much for all I hear about the hard-done private sector and the gold-plated public one - sounds like the other way around tbh.”
“Wow, nothing of the sort for teachers, unfortunately. We weren't even given our 1% pay raise in Northern Ireland - government took it off us!
So much for all I hear about the hard-done private sector and the gold-plated public one - sounds like the other way around tbh.”
Only if you consider over 60 hours a week at under nmw as a good deal. I'm betting very few public sector workers are working for those rates. The Christmas bonus makes up for the rest of the year meanness.
Originally Posted by Flash525:
“I'm with the agreement that any bonus paid should be tax free, unfortunately it doesn't work that way for most, greedy government types. Can't even let us see a little extra without grabbing off it.”
“I'm with the agreement that any bonus paid should be tax free, unfortunately it doesn't work that way for most, greedy government types. Can't even let us see a little extra without grabbing off it.”
If all bonuses were non taxable, we'd see an all year round surge in bonuses and decrease in taxable earnings. It's the reason Benefit in Kind rules were introduced. That said, the cost of employers paying for a Christmas party event for employees is tax free, up to the value of £150 per head.
Originally Posted by RebelScum:
“If all bonuses were non taxable, we'd see an all year round surge in bonuses and decrease in taxable earnings. It's the reason Benefit in Kind rules were introduced. That said, the cost of employers paying for a Christmas party event for employees is tax free, up to the value of £150 per head.”
“If all bonuses were non taxable, we'd see an all year round surge in bonuses and decrease in taxable earnings. It's the reason Benefit in Kind rules were introduced. That said, the cost of employers paying for a Christmas party event for employees is tax free, up to the value of £150 per head.”
Maybe then, bonuses should only be taxable over a certain amount; much alike University loans; you have to be earning so much per year before you start paying them back. Why not apply the same to bonuses? Tax is at 22% or something, right? Maybe the government should tax any bonus that is higher than 22% (or 11%?) of anyone's monthly pay. Leave the rest alone.
No nothing at all.
I remember getting an extra £10 in my wages a couple of times when I worked for a private company in the very early 90s.
But since working for local government/NHS I haven't(unsurprisingly) had a penny!
Some of the bonuses mentioned seem incredibly generous!
I remember getting an extra £10 in my wages a couple of times when I worked for a private company in the very early 90s.
But since working for local government/NHS I haven't(unsurprisingly) had a penny!
Some of the bonuses mentioned seem incredibly generous!
Originally Posted by Flash525:
“I'm with the agreement that any bonus paid should be tax free, unfortunately it doesn't work that way for most, greedy government types. Can't even let us see a little extra without grabbing off it.”
“I'm with the agreement that any bonus paid should be tax free, unfortunately it doesn't work that way for most, greedy government types. Can't even let us see a little extra without grabbing off it.”
If that was the case then someone on, say £30,000 could save a lot of tax by agreeing to be paid the minimum wage with a £20,000 tax free "bonus". The tax rules are a pain (as a higher rate taxpayer, I lose 42% of my bonus due to tax and NI) which is why many employers will give supermarket vouchers as they can be hidden in the books easier.
Originally Posted by GPW:
“Does your employer give you any extra at this time of year?”
“Does your employer give you any extra at this time of year?”
Sort of. We get our annual bonus at the end of November. Surprisingly generous this year as well.
Originally Posted by Flash525:
“Maybe then, bonuses should only be taxable over a certain amount; much alike University loans; you have to be earning so much per year before you start paying them back. Why not apply the same to bonuses? Tax is at 22% or something, right? Maybe the government should tax any bonus that is higher than 22% (or 11%?) of anyone's monthly pay. Leave the rest alone.”
“Maybe then, bonuses should only be taxable over a certain amount; much alike University loans; you have to be earning so much per year before you start paying them back. Why not apply the same to bonuses? Tax is at 22% or something, right? Maybe the government should tax any bonus that is higher than 22% (or 11%?) of anyone's monthly pay. Leave the rest alone.”
So effectively giving people who receive bonuses an additional tax free allowance? What about other benefits in kind? Should those be taken into account or would you have additional tax free levels for each of those?
Originally Posted by LostFool:
“If that was the case then someone on, say £30,000 could save a lot of tax by agreeing to be paid the minimum wage with a £20,000 tax free "bonus". The tax rules are a pain (as a higher rate taxpayer, I lose 42% of my bonus due to tax and NI) which is why many employers will give supermarket vouchers as they can be hidden in the books easier.”
“If that was the case then someone on, say £30,000 could save a lot of tax by agreeing to be paid the minimum wage with a £20,000 tax free "bonus". The tax rules are a pain (as a higher rate taxpayer, I lose 42% of my bonus due to tax and NI) which is why many employers will give supermarket vouchers as they can be hidden in the books easier.”
This is the problem, give a tax concession to bonuses and people will take advantage.
I dont actually work for John Lewis group but a small company and the vouchers I get are from the partners own pockets as opposed to the partnership itself. Our main bonus goes through as part of our PAYE salary and other benefits are on the annual P11d.
Originally Posted by LostFool:
“If that was the case then someone on, say £30,000 could save a lot of tax by agreeing to be paid the minimum wage with a £20,000 tax free "bonus". The tax rules are a pain (as a higher rate taxpayer, I lose 42% of my bonus due to tax and NI) which is why many employers will give supermarket vouchers as they can be hidden in the books easier.”
“If that was the case then someone on, say £30,000 could save a lot of tax by agreeing to be paid the minimum wage with a £20,000 tax free "bonus". The tax rules are a pain (as a higher rate taxpayer, I lose 42% of my bonus due to tax and NI) which is why many employers will give supermarket vouchers as they can be hidden in the books easier.”
Fair point.
Originally Posted by RebelScum:
“So effectively giving people who receive bonuses an additional tax free allowance? What about other benefits in kind? Should those be taken into account or would you have additional tax free levels for each of those?”
“So effectively giving people who receive bonuses an additional tax free allowance? What about other benefits in kind? Should those be taken into account or would you have additional tax free levels for each of those?”
I don't know.
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