Whether it’s your first payslip or you have been working for many years, it’s important to fully understand how your pay is worked out. Your payslip contains all the relevant important information, your tax code, deductions, gross/net pay and a few other things. It’s important to understand your payslip simply to ensure you’re being paid the right amount.
First and foremost all as an employees you are entitled to an individual, detailed payslip for the work that you undertake – this can be presented when or before you are paid.
Your payslip isn’t required to be on paper, it can be in digital form i.e. email or via a secure web portal.
The right to payslips applies to all casual staff as well as full-time/permanent employees, it doesn’t apply to contractors or anyone working freelance.
What Information must your payslip contain?
Your payslip must show this information:
Your employer may choose to include other information in your payslip, for example:
What else is on there?
This is a list of the basic information that is on your payslip and what their function is:
If you see something on your payslip that you think is out of the ordinary. Your friendly local accountant can often help you will some sage advice. We’re here to help, you can contact us here.