Payslips explained

For something as universal as a payslip, a lot of us don't know how to read one.

👋🏼 everyone,

Is it just me, or does opening your payslip (whether it's a physical payslip or logging into your HR platform) give you a flurry of anxiety?

Well, if that's the case, you're not alone.

Our work and personal lives can change frequently, and that means our payslips can change too - getting a new job, a promotion, setting up a healthcare plan, increasing your pension contributions. These are just some of the things that can trigger a change in your payslip.

So it's surprising how few of us can confidently say that we understand every part of our payslip.

With that in mind, this week I'm going to take a little deep dive into payslips and what each component means, so that the next time you face a payslip change you can be fully clued up and use this post as a guide.

I’ll be covering:

• 📝Payslip tear-down - looking at an example payslip, I’ll break each section down into plain english

• Payslip abbreviations decoded - there is likely a lot of abbreviations on your payslip and I am g…