Basic pay: this is how much you’ve earned before any ‘extras’ (like commission). Commission and bonuses: this may be what you’ve earned on top of your usual salary, usually for doing well at your job. Overtime: some employers may pay you extra for working overtime, or a higher rate for working on weekends for example.

What does basic pay offset mean on payslip?

occupational sick pay
If you qualify for occupational sick pay, this will be displayed as Basic Salary (Abs offset) and Basic Salary (Abs payment). This will directly relate to the hours (or days) you’ve taken as sick leave. They’ve taken sick leave; their SSP has been credited and then offset (because they receive occupational sick pay).

How do I read my payslip?

Understanding your payslip

  1. Your personal information. Your name, and sometimes your home address, will be shown.
  2. Your payroll number. Some companies use payroll numbers to identify individuals on the payroll.
  3. Date.
  4. Tax period.
  5. Your tax code.
  6. Your National Insurance number.
  7. Payments, wages, bonuses and commission.
  8. Expenses.

How do you read a payslip in Ireland?

Irish Payslip Explanation

  1. COMPANY NAME: this the name of your employer.
  2. CURRENT PAYSLIP: this indicates that this is payslip for this pay period.
  3. EMP NAME: this is where your name appears on the payslip.
  4. FREQUENCY: this indicates your pay frequency.
  5. PPS NO: this is your PPS Number (Personal Public Service Number).

Should redundancy pay be shown on payslip?

If your redundancy payment is made before you leave your job and before your employer issues you with form P45, any taxable amounts, such as unpaid wages and any part of a redundancy payment over £30,000, should be included in your final pay and subject to tax/NIC as normal.

What does R mean on a payslip?

DEDUCTIONS (R INDICATES REFUND)

Are redundancy payments tax free UK?

Calculate your redundancy pay. Redundancy pay (including any severance pay) under £30,000 is not taxable. Your employer will deduct tax and National Insurance contributions from any wages or holiday pay they owe you.