Microteach - Payslips

Your gross pay is:

• The money you take home

• The money you get paid, before taxes

• The amount of tax you pay

• The amount you pay into your pension

Tax is:

• Paid in cash

• Taken off your salary and paid to the government

• Taken off your salary and paid to your boss

• Paid by you to your boss

Your net pay is:

• The total money you take home

• The total money you get paid, before tax

• The total tax you pay

• The total amount you pay into your pension

Paying into a pension is important because:

• It helps reduce your taxes

• It increases your number of holidays at work

• You can't retire without paying into it

• It helps support you with payments in your retirement

National insurance pays for:

• Things like the NHS and education

• More holidays at work

• Your pension

• Your health insurance

Deductions from your salary can include:

• Tax, overtime, pensions, student loans

• Tax, pensions, student loans

• Tax, national insurance, pensions, student loans

• Tax, overtime, pensions, student loans, Klarna payments

If my gross pay is £3000 and my net pay is £2800, how much do I pay in deductions?

Mathematical Equivalence

ON