Understanding your Payslip is a Video available on WATCH & GO® — Tell me more…
Making sense of your earned incomeAs an employee, you should receive a payslip. This shows the money you earn, the allowances you are entitled to and the taxes you pay. In this short animated video you learn what all the numbers mean and gain the knowledge you need to understand your gross and net income. Feeling informed about your personal finances helps to build your confidence with money and improve your financial wellbeing. It’s a good idea to seek help from your organisation or other reputable sources if you have questions about your personal finances.
Summary of learning messages
If you are an employee you should receive a payslip
Your payslip shows your income, your deductions and your take-home pay
Be familiar with the information on your payslip
The data on your payslip tells you how your take-home page is calculated
The tax year is from 6th April
The ‘year-to-date’ is from the current tax year, from 6th April.
Explore other resources about:
Discover other relevant resources related to these topic areas:
- Asking for help
- Developing yourself
- Financial wellbeing
- Mental wellbeing
- Providing emotional support
Exclusive to WATCH & GO®
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