Property News · November 30, 2009

Why it's important to understand your payslip


We look forward to them every month, but when our payslips arrive do we have a clue what all the figures mean?Payslips are funny things. We yearn for them, count the days until their arrival enables our bank accounts to emerge from red into black, then celebrate with lunches and after-work drinks. Yet when we have them in our hands, we don’t know quite what to do with them. We puzzle over their contents, embarrassed at how little we comprehend all those mystifying figures about PAYE, national insurance (NI) contributions and tax to date.Employers are legally obliged to give employees an itemised payslip whenever they are paid, but most people don’t understand them, says Karen Thomson, the associate director at the Institute of Payroll Professionals. “Most people think, oh yeah, then file it or bin it.” Continue reading…

Source : theguardian.com
Read more…Why it’s important to understand your payslip

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