How to read your payslip and understand tax codes

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How do you know if you're paying the right amount of tax? Payslips can be complicated and it can be difficult to understand exactly where your money is going and why. Say goodbye to confusion as we breakdown all the important elements of your payslip, to help you ensure you're being correctly rewarded for your hard work.

Neyber payslip

1. Tax code

The first is a number which represents how much you can earn before being taxed, this is called your Personal Allowance.

For 2019/20, your Personal Allowance is typically £12,500. HMRC take your Personal Allowance and deduct any income you have...

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