Payslip Information Quiz

What information must legally be included on a payslip?

• Employer’s phone number

• Employee’s name

• Gross pay, deductions, and net pay

• Tax code explanation

What does the term “gross pay” mean?

• Pay after deductions

• Pay before deductions

• Total pay after bonuses

• Pay excluding overtime

Which of the following is NOT a statutory deduction on a payslip?

• Income Tax

• National Insurance

• Pension contributions

• Travel expenses

What does the tax code on a payslip represent?

• Your monthly income limit

• The amount of tax you owe

• Your personal allowance and how tax is calculated

• Your National Insurance category

Which of the following might appear under "Optional Deductions"?

• Pension contributions

• Overtime

• Charity donations via payroll giving

• Tax refunds

What does the abbreviation “NI” refer to on a payslip?

• Net Income

• National Insurance

• Necessary Income

• Non-taxable Income

If your payslip shows a tax code ending in “L,” what does it mean?

• No tax is being deducted

• You have a basic personal allowance

• You’re on an emergency tax code

• You owe back taxes

What does a negative value in the “Net Pay” section indicate?

• An underpayment from a previous period

• Overpayment of deductions

• A refund or advance payment

• This should not happen – it’s an error

What is a P60 form?

• A document detailing all payments received in a year

• A summary of an employee's total pay and tax for the tax year

• A notice of redundancy payment

• A record of expenses claimed

When should you receive your P60?

• At the end of each month

• At the end of the tax year (by 31 May)

• When you leave your job

• Only upon request