Description
Whilst every payslip you have during your working life may be laid out slightly; differently, the information stays relatively the same. Here is a list of the information that will feature on your monthly payslip, including;
- Your assigned payroll number
- The tax period, usually in weeks
- Your payments, wages, bonuses, and any commissions you earn
- Deductions such as tax, national insurance (NI), which differs depending on how much you earn, any student loans, your pension contributions
- Your tax code is unique to you and dictates what tax band you’re in and, subsequently, how much is deducted from your monthly wages
- A breakdown of working days or hours if you’re paid hourly
- The employer’s contribution is typically any workplace benefits like car allowance or pension contributions etc.
- Some have the annual salary
- Your national insurance number
- And finally, your monthly paid salary total after all deductions are taken into account