Payslip Explainer

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EXAMPLE UMBRELLA LTD RECONCILIATION STATEMENT FOR AN ANONYMOUS
Company Income Received
Company Income & Costs 1300.00
Apprenticeship Levy 5.50
Employer’s NIC 150.27
Company Margin 21.00
Expenses 0.00
Retained Holiday Pay 0.00
Assignment Rate(s)
Units Rate Total Agency/Description Description
35.00 37.14 1300.00 Recruitment Agency
Example LTD
Hourly rate
EXAMPLE PAYSLIP
Employee Name
Employee Number
NI Number
Tax Code
Pay Date
Periods
An Anonymous
XXXXXX
XXXXXXXXX
1257L
22/05/25
7
PAYMENTS
Description Units Rate (£) Amount (£)
Basic Rate 35.00 12.21 427.35
Holiday Pay 1.0 202.66 202.66
Additional Taxable Wage/
Commission
1.0 467.81 467.81
Total Payments 1097.82
DEDUCTIONS
Description Amount (£)
PAYE (Income Tax) 197.40
Employee’s NIC 60.62
AE Pension 33.88
Total Deductions 291.90
Example Umbrella LTD Information
PAYE Reference XXX/XXX
Tax Period 7
Period Ending 24/05/25
Pay Frequency Weekly
Payment Method Bacs
This Period
Total Taxable Pay 1097.82
Earnings for NICs 1097.82
Expenses 0.00
Net Payment 805.92
Year to Date
Gross Pay YTD 7016.61
Tax Paid YTD 1114.20
Total Payment (£) 805.92

Address:

Mr An Anonymous
XXXXX
XXXXX
XXXXX

Message:

Although you have taken your holiday pay in advance, please remember to take sufficient and regular time off.