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Payslip For Employees

 

PAYE registered companies are required to keep proper payroll records and give their staff payslips detailing their gross salary, PAYE deductions and net pay and how the net pay was paid to staff.

Your staff can make a compliant to Employment Tribunal if you failed to provide payslip to your staff.

Payslip should include the following information:

Gross Pay

Gross pay is the amount of salary or wages your staff earns before you make any deductions. Gross pay comprises the basic wage and any other elements of pay due in the pay period, and may include elements such as:

  • Bonuses
  • Commission
  • Holiday pay
  • Statutory Sick Pay
  • Maternity pay
  • Overtime

Gross pay doesn't include items such as loans or advances in wages, expenses, or redundancy payments.

PAYE Deductions

  • Income Tax Deduction
  • National Insurance Contributions Deductions

If you're intending to make any deductions, you need prior written consent from your staff in writing.

Net pay

Net pay is what your staff left with after the PAYE deductions. Net pay is often referred to as take home pay.

    Concise Accountancy – Making administering payroll simple for small businesses.

 
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Tel: +44 (0) 20 7612 4111

 

Testimonials

I would strongly recommend Concise Accountancy to anyone who wants to set up a UK company. Their staff are very helpful and friendly.

They helped me to set up my first UK company and provided me helpful information to get me started and they even helped me to open a business account.

With them distance is not a problem at all.

Davy Wee

IT Consultant