Organisation : Nannytax
Facility Name : Employees Online Payslips
Country : England
Employees Payslips here : https://www.nannytax.co.uk/
Website : https://www.nannytax.co.uk/
Payslips :
Payslips are a legal document and employees, including nannies, are entitled to receive a detailed payslip each time they are paid either at the time or just before.
Related : Methodist Access Payslips Online England : www.statusin.org/26283.html
Payslips should be kept safe as they act as proof of earnings should the nanny wish to apply for a loan or mortgage.
What a payslip must show
Gross Salary
The amount being paid before any deductions have been made
Fixed Deductions
Such as Student Loan Repayments
Variable Deductions
This will include Tax and National Insurance
Net Salary :
The total amount of ‘take-home’ pay, after all deductions have been made
Other information which is not required but may also be included:
National Insurance Number
Tax Code
Pay Rate
Additional Payment, such as overtime or bonuses
For further explanation on any payroll terminology, take a look at our Glossary.
Nannies, get to know your payslips :
It is important to read and and check the details on your payslips each time you are paid to ensure no mistakes have slipped through, such as an incorrect tax code or a discrepancy in hours worked. If you do have a query, first raise it with your employer.
Gross vs Net Salaries :
** Employment in the UK in almost always discussed using a gross salary agreement, but in the nanny industry net salary agreements have been commonplace. Attitudes are changing slowly, but many nannies and nanny employers are still discussing net salaries.
** At Nannytax we encourage an understanding of what the two different agreements mean, particularly for first time nanny employers, many of whom need to budget very carefully to make employing a nanny possible.
** Nannytax advocates the ‘go gross’ campaign to protect our clients’ Total Cost, as well as the nanny’s benefits.
Gross is better for nannies too :
** On pay day, everyone’s primary interest, not just nannies, is how much we are ‘taking home’ but there are benefits to thinking about salaries in gross terms:
** The Tax Free Allowance increases every tax year and net agreements will not see the benefit of this. On net agreements the employer will see the tax saving, not the nanny.
** If the employer’s Total Cost increases significantly, on a net agreement they may decide they cannot afford to employ the nanny. This may cause a difficult situation for all involved. Worse still, the employer may only declare part of her earnings to compensate.
** Doing this will have implications of it’s own and affect the nanny’s statutory entitlements and mortgage/loan applications. (Read more here about Undeclared Income.)
** Finally, a gross agreement enables the nanny to compare her salary with other professions in the UK, to assess her earning power and consider career options.
Contact Us :
We’re here to help
Please contact us in any of the following ways.
Nannytax clients can also contact us through their Members Area account.
For account queries, subscriptions and renewals:
020 3137 4401 mailbox[at]nannytax.co.uk
0870 706 1338 PO Box 988, Brighton BN1 3NT
We strive to provide the best possible customer service, however there may be occassions during busy periods where there may not be an advisor immediately available to take your call. In these instances, please leave a message on our answer phone service or send us an email and an advisor will get back to you ASAP. Emails sent and telephone messages left after 5.30pm will be answered during the next working day.