Shropshire employees are being urged to make sure they
understand the finer details of their payslips and not ignore the
small print.
Lynsey Woolley, from the Employment Law team at Martin-Kaye LLP
Solicitors, in Telford, said figures showed almost ten per cent of
workers were unsure what some of the references meant.
"There is so much confusion about payslips that the Institute of
Payroll Professionals has organised a national payroll week to help
make things clearer."
The week will be held from September 6 to 10, and during the
week employees will be encouraged to visit their payroll department
to discuss any queries they may have.
"The aim of the initiative is to help employees decipher the
small print because if they are unsure of what the details mean,
they may not be getting paid correctly," said Lynsey.
"And it's no good simply comparing your slip with the person who
sits next to you in the office, as everyone's wages can be
different."
She said an itemised payroll was a legal requirement, but the
levels of National Insurance contributions, taxes or pension
reductions, were not always easy to understand.
"It's important that employees take this opportunity to seek
advice in order to monitor their pay correctly, particularly in
such difficult economic times."
Lynsey said employees should also keep copies of their payslips
and any other related documents, such as P60s, for at least 22
months from the end of the tax year they correspond with.
"You may need these documents if you are applying for a mortgage
or tax credits, so it's vital that they are kept somewhere
safe."
For more information on Martin-Kaye Solicitors visit their
website here: www.martinkaye.co.uk