Payslip Decoder

Your payslip lists tax, National Insurance, pension and a string of codes, and the only number you trust is what hits your account. This explains every deduction in plain English, what you actually owe versus what you get back, whether your tax code looks right for your situation, and what a wrong one could be costing you. For the slip you've never properly read.

My payslip shows the following figures: {PAYSLIP_DETAILS}. My gross salary is {GROSS_SALARY} and my net pay is {NET_PAY}. Tax code: {TAX_CODE}.

Explain every deduction in plain English: what income tax, National Insurance, and pension contributions mean in terms of what I actually owe versus what I get back. Tell me if my tax code looks correct for my situation and what a wrong one could cost me. If the net pay looks lower than expected, tell me what is most likely causing it and how to check.