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Posted: Fri Jul 25, 2008 3:48 pm
by London_student
Hey guys, just wondering about 2 things:

firstly my holiday credit, how is this paid and calculated? for example, if the number is 1.50 what does this mean? does this mean I get an extra £1.50 with my pay? secondly what is Employee NIC? I'm guessing this has something to do with the comission i'm paid, but why am I taxed on it 100 percent? is this the same as Emplyoers NI and NI YTD?

Thanx

Posted: Fri Jul 25, 2008 11:06 pm
by jpcentral
Employee NIC = Employee National Insurance Contribution (the amount deducted from your wages/salary in respect of national insurance - your contribution to NHS, Benefits, Pension etc)

Employers NI = Employers National Insurance (your employers contribution to the National Insurance pot)

NI YTD = National Insurance Year to Date (the amount of NI contribution for the tax year to date.

Not sure what Holiday Credit means. Could be a company specific method of showing you how much holiday you have accrued. You will need to ask your employer about this.

John Perry
Central Business Services
Loughborough
www.centralbusiness.co.uk

Re: what abbreviations mean on my pay slip....

Posted: Tue Mar 30, 2010 1:10 pm
by Läuz
Hello all,

I have found a good page for understanding your payslip-


http://www.ceridian.co.uk/hr/nav/payrol ... 86,00.html

cheers

Läuz