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Your Payslip Explained
We know that when you get your first payslip it can look a bit daunting, so we’ve
made this guide that explains all…
Your unique
Employee Number
Payroll No.
24513
The total hours and the rate we
receive from the company or
agency you are on assignment with
The date your
money cleared
Employee Name
Liquid Friday
Your National
Insurance Number
Process Date
02.04.2015
NI Number
AB123456C
Company Deductions
Company Receipts
Basic Hourly Rate
Units
40.00
Rate
15.00
Amount
600.00
Company Deductions
HMRC Payment NIERS
Expenses
Company Margin
Retained Holiday Pay
Employer Contribution
Paid to Employee
Amount
17.77
230.00
24.00
41.76
1.73
284.74
Employee Payments
Basic
Expenses
Bonus
Units
1.00
1.00
1.00
Rate
260.00
230.00
24.74
Amount
260.00
230.00
24.74
Employee Deductions
Tax
National Insurance
Now Pension Deduction
Amount
15.60
15.57
1.73
HMRC Payment NIERS
Employers NI deduction paid by
us to HMRC.
Expenses
The total amount of expenses
we are processing for this pay
period.
Company Margin
Our margin deduction for the
cost of insurances and of running
our business.
Retained Holiday Pay
The amount of pay that goes to
your holiday pot.
Employer Contribution
Our contribution toward your
pension fund.
Paid to Employee
This is the total you will be taxed
on.
In this box is a breakdown of everything
you’ve been paid for the period
Basic
Your total hours x minimum wage
Expenses
The total amount of expenses we have
processed for this pay period
This Period
Total Gross Pay
Gross for Tax
Earnings for NI
Total Deductions
Year To Date
Gross Pay YTD
2657.38
Gross for Tax YTD
1408.71
Tax Paid YTD
89.20
NI Earnings YTD
1408.71
EE's NI YTD
78.29
514.74
282.00
284.75
32.90
Tax Code
Payment Method
1060L
Bacs Total Hol YTD
NET PAY
Bonus
Any bonus that may be applicable will
show here
Here’s your take
home pay for
this period
123.92
478.89
Here you can see any money
deducted from what you are paid
This Period:
Summarises your weekly pay
information
Year to Date:
Summarises your pay information
for the current tax year (the tax
year runs from April-March)
Tax Code:
Shows your current tax code
(i.e. how much tax free allowance
is being used on your income with
us)
Total Hol YTD:
Shows all your holiday pay that
has been retained to date (this
may include holiday that has
already been paid out)