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Campaign Started:
June 21, 2018
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Understanding your payslip

1. Your personal information

Your name and sometimes your home address will be shown.

2. Your payroll number

Some companies use payroll numbers to identify individuals on the payroll.

3. Date

The date your pay should be credited to your bank account is usually shown.

4. Tax period

The number here represents the tax period for that payslip, for example, if you’re paid monthly, 01 = April and 12 = March.

5. Your tax code

Your tax code will be sent to you by HM Revenue & Customs (HMRC).

The code tells your employer how much tax-free pay you should get before deducting tax from the rest. If the code is wrong, you could end up paying too much or too little tax, so you should check this against your latest tax code letter.

6. Your National Insurance (NI) number

You must have a NI number to work in the UK.

You have the same NI number throughout your whole life – even if you change your name.

It’s your personal number for the whole of the social security system. It’s used to make sure all your contributions are recorded properly and helps to build up your entitlement to state benefits – like a pension.

7. Payments, wages, bonuses, commission

This will show how much you have earned in wages before any deductions are made.

It might also show how your pay was calculated, for example, your hourly rate and the number of hours worked.

It could also show any extra payments you have earned on top of your basic pay like bonuses, commission or overtime.
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