Payment for Work

  • Created by: epic indi
  • Created on: 19-03-19 12:25
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  • Payment for Work.
    • Deductions from gross pay
      • Compulsory
        • Income tax
        • National insurance
      • Voluntary
        • Union contributions
        • Life Insurance
        • Health insurance
        • Pension
    • Tax
      • PAYE - Pay as you earn
      • Tax Codes
        • To work out how much tax you pay. HMRC gives you a tax code.
        • The number is usually the amount you earn divided by 10.
        • The letter is how much tax you pay.
    • Ways of getting paid
      • cash
      • Cheque
      • Pay Path - electronic way (direct debit).

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