Your payslip outlines all your pay for that payment period, as well as any deductions and your earnings for that financial year. To help make understanding your payslip simple, we've added some explanations underneath the example below.
1. This is the last day of the payment period.
2 & 3. “Basic pay” is the payment for the shift you worked. The next column, headed “Unit”, is the number of hours you worked. The “Rate” column is your hourly rate or basic rate of pay. Please note: your pay rate excludes holiday pay.
4. For every shift you work, you'll earn 12.07% holiday. This row shows the total amount of holiday pay you've earned from the days you worked in that payment period. The “rate” and “amount” column show the total holiday pay for all of the shifts (or "basic pay") listed above.
For example: If you've worked two shifts with a length of four hours each and a basic pay rate of £7.50, the accumulated holiday pay will be 12.07% of what you earned in those two shifts.
Shift 1 = £30 (4hours x £7.50)
Holiday Pay for Shift 1 = £3.62 (£30 x 12.07%)
Shift 2 = £30 (4hours x £7.50)
Holiday Pay for Shift 2 = £3.62 (£30 x 12.07%)
Accumulated Holiday Pay = £7.24 (£3.62+£3.62)
5. This how much tax you paid that week.
6. This shows the National Insurance contribution you have made that week. It’s automatically deducted from your pay. Click here for more information on NI deductions.
7. This shows the pension contribution you have made this week. If you’ve made more than £192 for the week then you qualify for our pension scheme. You should have received an email from us that gives you the option to opt-in/opt-out. If you chose to opt-in or did not respond to the email then you will see pension contributions on your payslip
8. Your total pay for the week excluding PAYE deductions (these are your tax, NI and pension contributions).
9. The amount Catapult will contribute towards your pension that week.
10. This is your current tax code. This is sent to us directly from HMRC. If you have any questions regarding your tax code, please contact HMRC directly on 0300 200 3300.
11. This is your take-home pay. This is the amount that will be transferred to your account as payment.