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PA Enterprise

Payslip checker – your

payslips explained

Money might not always equal happiness, but an accurate payslip does…
If you’ve recently moved to a new job, it’s essential to check that any
deductions (such as tax and insurance) are being paid properly on your

behalf. Otherwise, you could be left with a very disappointing payslip.

What is a payslip? once a year. It could include union dues.
A payslip is a summary of your earnings and  The total amount of take-home pay – the
deductions issued by your employer on a weekly, amount displayed is after all deductions have
bi-weekly, or monthly basis – depending on how been taken off.
often you get paid.
 The amount and method for any part
What is a payroll number? payment of wage – this could refer to separate
A payroll number is how the payroll department figures of a cash payment and the balance
at your company distinguish between each credited to a bank account.
employee. Your payroll number will usually be
found on your payslip. What else will you see on your payslip?
The format of your payslip will vary from
Understanding your payslip company to company, and what’s included will

Your payslip can include a range of information depend on your individual earnings, benefits, and
which could vary from company to company, but deductions.
there are five things it must always display. Here are eight additional pieces of information

These are: you may spot on yours, and what they mean:

 Gross pay – this is your full pay before any Your payroll number – Some companies use
tax or National Insurance has been taken off, payroll numbers to identify individuals on their
including any bonuses and commission. payroll.

 Variable deductions – this refers to the The tax period – The number here represents the
deductions that could change each payday, tax period for that payslip. For example, if you are
and will show the amount that’s being paid. It paid monthly, this would translate as: 01 = April
includes tax and National Insurance. and 12 = March.
 Fixed deductions – these are the deductions Your tax code – This indicates the rate you’re
which don’t change from payday to payday. An taxed at.
employer doesn’t have to give details of what Your National Insurance (NI) number – Your NI
these deductions are for, as long as they give a number confirms that you’re eligible for work in
separate statement with these details at least the UK.

PA Enterprise is published by
18 August/September 2021