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CMEC gross salary

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skeptical
Posted by
Elite Member

04 Oct 10 #227728 by skeptical

Topic started by skeptical

I know this is probably a long way off being implemented, although the timetable is 2011.

BUT, I have just read some information on a website that seems to conflict with what I've read elsewhere. I wonder if anyone can clarify?

The new scheme is based on gross salary, before any deductions. It is based on a percentage of 12, 16 or 19% for 1, 2 or 3 or more children.

Over £800 per week the percentages proposed are 9, 12 and 15%.

My question is:

Are the extra percentages above £800 per week in addition to or instead of the original percentages?

If you earn over £800 per week are you then paying 21, 28 or 34% of total gross salary?

Just want to clarify as I already know of people negotiating private settlements based on the new figures.

Thanks

Fiona
Platinum Member

04 Oct 10 #227732 by Fiona

Reply from Fiona

The extra percentages above £800 per week are instead of the original percentages to take account of the higher tax rate.

skeptical
Posted by
Elite Member

04 Oct 10 #227741 by skeptical

Reply from skeptical

Ah, that's what I thought, thankyou.

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