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~ Reports / Payslips Explained ~

Your Payslip - and how to interpret it correctly...

The Jefferson Payslips once open shows your pay details in a clear and concise manner.

The nine boxes across the top UNDER your Dept, Employee No,Name and Company Name contain the following in left to right order:

"Period"
Payment Period Number, e.g.,In this case - Period 03
"Date"
Format: dd/mm/yyyy
"PPS No. "
Personal Public Service Number, formerly RSI No.
"Tax Code"
N = normal, E = Emergency, etc.
"Tax Credit this Period"
Click Here to learn more about Tax Credits
"Tax Cut-off this period"
Click Here to learn more about Cut-off points.
"RSI Class "
e.g., A1 (most common) AO. AX, etc
"Ins Weeks "
No. of Insurable weeks for this Tax Year - Insurable weeks determine your qualification for state benefits.
"Pay Method "
BACS = Account Payment, Cheque, Giro, Cash , etc.

Under this is 3 larger "blocks" of data. From left to right you have:
"Pay Elements "

Consists of four columns - Gross Pay, Hours (if applicable), Value (for this period) and Y.T.D (Total Year To Date figure for each pay element in this section

Your Total Gross Pay for this period makes up the bottom figure. This total DOES NOT include BIK / Notional Pay elements. NP preceeding a pay element stands for "Notional Pay"

Therefere on your payslip (not shown in illustration) you will see Total Gross Pay (EXCL NOTIONAL)

i.e. , Total Gross Pay in example above:

€4333.33 + €533.33 + €3000.00 = €7866.66

NP - BUPA BIKof €19.64 is omitted
"Deductions"

Consists of 3 columns - Deductions , Value (for this period) and Y.T.D (Total Year to date figure for each pay deduction in this section.

Your Total Deductions for this period is makes up the bottom figure -

i.e., Total Deductions in example above:

2319.82 + 412.13 + 346.67 + 15.71 + 486.67 + 303.33 = 3884.33
"Net Pay / Balance"

This consists of 2 columns and in most cases shows your:

Gross Pay YTD:
Salary YTD (12999.99) + Overtime YTD (533.33) + NP- BUPA BIK YTD (58.92)+ Bonus YTD (3000.00) = €16572.60

Notional Pay YTD: BIK Elements total to date (NP - BUPA BIK) = €58.92

Tax Credits YTD: (206.09 X 03 periods) = €618.27

Cut-Off YTD: (2333.34 X 03 periods) = €7000.02

Taxable Pay YTD: The tax details are applied on a cumulative (on the cert as normal) basis. This means the every week/month, the entire year to date earnings and tax details are applied. For example, for pay in the month of March, ALL earnings from Jan, Feb and March are taken into account and the 3 cut off points and 3 tax credits are taken to offset.

The total liability for the year up to the end of March is calculated and March's tax to be paid will be the year to date total liability LESS what has been paid already for Jan to Feb inclusive.

ER PRSI Per : This is the Social Insurance paid for this period by your employer on your behalf and (in most cases) equals 10.75% of your taxable pay for the period - In this sample, this equals Total Gross Pay (including notional) (€7886.30) LESS non-tax items (Pension: €346.67), Shares - ESPP (€486.67) and AVC (€303.33) = €6749.63 X 10.75% = €725.59

ER PRSI YTD: This is the ER PRSI paid for this tax year by your employer, in this case, €1574.02

ESPP: This applies in the case where there may be a deduction whose year runs concurrently with the payroll but with different start times . This sometmes applies to VHI year, Pension year, or in this case ESPP (Employee Share Purchase Plan) year.

The YTD figure in this example is €2410.66 even though the Deduction column shows €1353.33. The ESPP year in this case obviously started prior to Jan 1st.

ER Pension Per: Employers are now required to show Employer Period Contributions on the payslip. In this case it is €346.67.

ER Pension YTD: Year to Date figures for above . In this case it is €1040.01.

YTD = Year to Date , Per = Period, ESPP = Employee Share Purchase Plan


Also see Security Payslips