A payslip is a statement of income and deductions for a particular employee. Each payslip is unique to a particular employee with their name on it. The payslip for one employee cannot be given to another since it is addressed to the employee with his/her name and employee ID. Payslip and payroll both refer to two separate concepts.
Free Uk Payslip Template Pdf
You must give your and ‘’ a payslip on or before their payday. What to includePayslips must show:.before any deductions (‘gross’ wages).like tax and National Insurance. pay after deductions (‘net’ wages). the number of hours worked, if the pay varies depending on time workedPayslips can also include information like your employee’s National Insurance number and tax code, their rate of pay, and the total amount of pay and deductions so far in the tax year. Producing payslipsYou may be able to produce payslips using your payroll software, if it has this feature. You can use if it does not.You can either print payslips to give to your employees, or you can send them electronically.