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Employers should be aware of the legal requirements concerning payslips – here is the Connected Accounting guide to the essentials…
Most employees receive payslips and take them for granted, but what are the legal requirements?
All employees, including those working part-time and temporarily, are entitled to receive a written payslip on or before their pay day. The Employment Rights Act (ERA) sets out the required contents of a payslip:
In practice, most employers give much more information than the basic statutory requirements. For instance, it is obviously good practice to analyse gross pay to show:
It is also usual to show the period covered by the payment, and the date of payment.
You can significantly reduce queries from employees by giving basic details such as:
If you are an employer we can provide support and advice – Connected Accounting.
24 Jan 2020
HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year.
16 Dec 2019
Analysing the rise in popularity of online accounting.