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Payslip (UK)

[Payslip (juː-keɪ)]

Term

Summary:

Payslips are documents given to employees by employers in the UK. They contain information about an employee's pay and the deductions that have been made.

More detail:

A Payslip in the United Kingdom is a document that employers are legally required to provide to their Employees at the end of each payment period. It outlines information about the Employee's salary, any Income Tax and National Insurance contributions that have been deducted, any other deductions like Student Loan Deductions, and other personal details.

Payslips may be useful as a proof of income. This might be needed in a situation such as renting a house. Landlords often want to see recent Payslips to prove you have enough income to afford the rent.

Self-employed individuals do not receive Payslips as they are paid via Invoices.

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