What about salary?

 When you have a job you get paid a salary

   

Your salary usually consists of different amounts, for example: 

• A fixed amount per month, week or day. But an amount per piece or weight is also possible, for example, per packed box or per kilo picked strawberries.

• Holiday pay.

• Extras such as a thirteenth month, final year bonus, bonus or profit sharing.

• Charges for overtime, shift services etc.

What you get exactly depends on the arrangements you make with your employer or the company regulation. Deductions will also be made from your salary when you are earning above your personal allowance.  The amount of the Personal Allowance you receive is set by the government and can change from one tax year to the next. Check the most up-to-date Personal Allowance figures on GOV.UK. https://www.gov.uk/income-tax-rates. National insurance must also be paid when earning above a the threshold (currently over £157 per week).

 

 

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