i4 Pay Partners Limited The name and address of your employer
30 Charing Cross Road, London, WC2H 0DE
Name This sample pay slip has a fictitious name.
Please ensure that the name and address on your actual pay slip is correct, advise us as soon as possible if there is an error
Mr Al Annon
123 High Street
|Payment method:||Faster Pay|
Basic pay for 35.50 hours worked Basic pay is calculated as the National Minimum Wage rate multiplied by the hours worked
NI Contribution This is your Class 1 National Insurance Contribution
Holiday pay advanced You have the choice of having your holiday pay advanced to you on each payment, or having it accrued so that you can ask for it when you need it
PAYE This is the Paye As You Earn income tax deduction
Bonus (DPSB) This is the balance of your earnings once we have calculated your basic pay (at the National Minimum Wage), advanced your holiday pay (if it has not been accrued) and accounted for any expenses on which you are receiving tax relief.
DPSB = (Gross earnings) minus (Basic pay) minus (Holiday pay advanced) minus (Expenses).
Pension contribution This is the Workplace Pension contribution paid into your NEST pension account
|Total earnings||513.57||Total deductions||110.01|
|Earnings & Deductions||This Period||Year To date||Holiday Pay||This Period||Total|
|Total gross pay||513.57||11,222.45||Brought forward||.00|
|Taxable gross pay||513.57||11,222.45||Accrued||55.31||1,208.57|
|Employees NIC||39.67||841.59||Carried forward||.00|
|Company pension contr.||11.81||253.87|
|Employee pension contr.||15.74||338.47||The holiday pay year runs from 1 October – 30 September|
|HOW YOUR PAYMENT WAS CALCULATED|
|Payment date:||19/11/2020||Payment ref:||654321|
|Name:||Mr Al Annon||Company:||i4 Pay Partners Limited|
|Invoices: These are the invoices we have raised for the work you have carried out.|
|Inv No||Unit||Agency Pay Rate||Description||From||To||Amount||Received|
|Onion Recruitment Limited|
|Agency Pay Rate is the total of (a) the gross amount payable to you, including provision for paid leave entitlement, plus (b) provision for Employment and Administrative Overheads. Agency Pay Rate is NOT the rate payable to you as gross pay.|
|Summary: This shows how the amount received for the invoices has been split between company overheads and your gross income|
Total amount received for invoices paid (excluding VAT): This is the total amount we have received from your agency.
This amount represents the company income and includes provision for company overheads such as employers NICs, company pension contribution, holiday pay, apprenticeship levy and our fee.
It does NOT represent the gross amount due to you.
Administrative overhead: The administrative overhead is our margin and is included in the agency pay rate.
Employment overheads: (A full breakdown of these costs are available on your web portal) The employment overhead is the sum total of the company costs associated with this payment. It includes:
|Business expenses and Mileage: (Expenses that have been approved for tax relief in this period)||.00|
Your gross income before tax: This is your gross income before tax, it is the total amount received from your agency less provision for company administrative overheads, employment costs and expenses on which you will receive tax relief.