Employee Benefits
SEPTEMBER 6, 2023
Employers make initial investments into necessary equipment on the behalf of employees, and a sum is then deducted from employees’ gross pay. If the employee leaves their employment, the remaining amount is deducted from their net pay and the bike becomes liable for tax. On average, employers can save 13.8%
cipHR
NOVEMBER 15, 2021
Since pension auto enrolment was introduced in 2012, more people than ever have pension deductions – employee and employer pension contributions – showing on their payslips. Every payslip must show an employee’s total or gross pay, their net or take-home pay, any deductions or payments, and list any variable hours that have been worked.
Patriot Software
FEBRUARY 25, 2019
Take-home pay consists of the income an individual receives after taxes, benefits, and other contributions are deducted. Take-home pay may also be called net pay. An employee’s take-home pay is the difference between their gross pay and deductions. Take-home pay vs. gross pay.
Expert insights. Personalized for you.
59 
Let's personalize your content