understanding your payslip uk - accenture payroll operations - understanding your payslip 1...

UK Payroll Operations - Understanding Your Payslip

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Understanding Your Payslip

Your guide to the new Accenture UK Payslip Understanding Your Payslip .....................................................................................................3

Your Payslip ..............................................................................................................................................................3

Your Personal and Payroll Information .....................................................................................................................7

Payment & Deductions..............................................................................................................................................9 Your Payments ....................................................................................................................................................10 Your Deductions ..................................................................................................................................................13

Your Cumulatives....................................................................................................................................................17

Your Net Pay...........................................................................................................................................................19

Frequently Asked Questions ...................................................................................................................................21

Contact Us...............................................................................................................................................................22


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Understanding Your Payslip Welcome to the UK Payroll ‘Understanding your Payslip’ guide. This document is designed to help you understand your new payslip, give answers to frequently-asked questions, and provide you with contact details should you need further information or assistance. Your Payslip

Your payslip is comprised of three key sections:

• The top section shows your personal details, and information relating to the current Tax Period. • The central section shows all your payments and deductions for the current Tax Period.

• The bottom section shows your cumulatives – a summary of your year-to-date payments from the beginning of the tax

year (1st April) through to the current Tax Period. An example copy of the new payslip is shown overleaf. Please note that the example payslip provided has been constructed for a fictional employee, and all payments and deductions are shown to highlight typical payments and deductions that are made. Your payslip may not include every payment and deduction shown in this example, or may include additional payments and deductions not shown here. Please contact the UK Payroll Operations department for further information or assistance with your payslip. Contact details are provided at the end of this document.


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An example of the new payslip can be found below:


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Your Personal and Payroll Information

The top section of your payslip shows your personal information, and payroll information relating to the current Tax Period. Name

Name shows your name, as held in your personnel file. In this example the employee’s name is Mr Joseph Bloggs.

Company

Company shows the name of the company you are contracted to. This will always be Accenture.

Employee No

Employee No shows your 8-digit SAP number. In this example the employee’s personnel number is 10000001. If the Employee No shown on your payslip is incorrect please contact Peopleline.

Date

Date shows the day the Tax Period ends. This will always show the last calendar day of the month. In this example the Tax Period ended on 31/01/2006. Pay day will still remain on the last working day of every month. In instances when the last working day falls on a weekend or public holiday, payment will be made on the last available working day before this date. In December pay day will be the last available working day before Christmas Eve. In this example the employee would have been paid on 31/01/2006.

Tax Period

Tax Period shows the current tax period. Each Tax Period correlates to a month of the tax year, and you will receive one payslip per Tax Period. Since the UK tax year starts in April, Tax Period 1 is April, Tax Period 2 is May etc. In this example the Tax Period is 10 since it is the January payslip.

Tax Code

Tax Code shows your payslip Tax Code, which determines the rate of tax you pay. In this example the employee’s Tax Code is 503L.

NI Number

NI Number shows your National Insurance number. This is a unique reference number that helps to you to gain access to social welfare benefits, public services and government information in UK. In this example the employee’s NI Number is NB000000A. All employees should have a NI number. If this number does not appear on your payslip please contact Payroll Operations for assistance.

NI Code

NI Code shows your National Insurance code. NI contributions are social insurance contributions you pay into the national social insurance fund. This code shows the rate of NI that you pay. In this example the employee’s NI Code is A.

Department

Department shows the internal Accenture cost centre to which you are assigned within your workgroup. In this example the employee’s Department is 100000001.

Pay Group

Pay Group shows the internal Accenture Pay Group to which you are assigned within your workgroup. In this example the employee’s Pay Group is ACCENTURE SERVICES.


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This statement appears on all payslips in accordance with government legislation. It means that all pension contributions made by both you and Accenture have been remitted to the pension scheme. This statement will not be applicable if you have recently joined the company and this is your first payslip. Payment & Deductions

Your Payments The Payments section of your payslip shows all payments made to you by Accenture. Basic Pay

Basic Pay shows how much you have been paid in the current Tax Period. Basic Pay is paid as 1/12 of your annual salary, as defined in your contract of employment. In this example the employee has been paid £7,437.50 (since his annual salary is £89,250).

Car Allowance

The Car Allowance payment shows how much Car Allowance you have been paid in the current Tax Period if your terms and conditions allow you to register for the scheme. Car Allowance is paid as 1/12 of your annual salary, as defined in your contract of employment. In this example the employee has been paid £541.67 (since his annual Car Allowance is £6,500).

CARE4

The Care4 payment is shown as a negative payment on the employee Payslip. The payment can be to a maximum of -£217.00, which the government allows free from Tax and National Insurance. Any payments above the maximum -£217.00 are shown as deductions in the ‘Deductions’ section of your payslip. In this example the employee has been paid the full -£217.00 negative payment.

Gym Subsidy

Gym Subsidy shows payments made to employees registered for the Gym Subsidy scheme. Accenture will pay half the cost of monthly gym membership to a maximum of £35.00. In this example the employee has been paid £23.50 (since the full monthly gym membership is £47.00). For more information on Gym Subsidy and other UK Benefits please visit the UK Benefits site: https://publishing.accenture.com/UKBenefits


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Med Ins Benefit

Med Ins Benefit shows any Medical Insurance Benefit payments made to employees registered for the company private healthcare scheme. The payment is notional but subject to tax and N.I. In this example the employee has received a notional payment of £24.91 which is the cost of single cover. Employees taking out any cover in addition to the standard cover will see the cost for these schemes taken as a ‘Priv Med Ins’ deduction on their payslip.

Total Payments

Total Payments shows the total payments you have earned during the Tax Period, excluding notional payments. Notional payments are benefits such as Car Allowance for which you qualify, and on which you can be taxed on, but that are not paid to you directly. In this example the employee has been paid a total of £7785.67, which correlates to the total of his payments minus the -£217.00 Care4 payment.

Total Non-Taxable Pay

Total Non-Taxable Pay shows any payments the employee has received in the Tax Period which are non-taxable. In this example the employee has not received any non-taxable payments.

Overtime

There is no example of Overtime paid on this sample payslip. Overtime shows overtime paid to eligible employees who worked overtime during the previous month. The ‘Hours’ column would show how many hours overtime the employee has been paid for, and the ‘Rate’ column shows the hourly rate the employee is paid at for any overtime worked. The hourly rate paid for overtime work is calculated in the following way:

Salary / 52 Weeks / 5 working days per week / 7.5 hours per day Overtime pay is taken from the previous month’s two ARTES periods, so in this instance any overtime payments for the January 2006 Tax Period overtime payment would relate to overtime worked in December 2005.

Your Deductions The Deductions section of your payslip shows all statutory and voluntary deductions made from your monthly Total Payments. Tax

Tax shows the monthly amount of tax paid under the Pay As You Earn Scheme (PAYE). In this example the employee has paid £2379.50 in tax deductions for the January Tax Period.

N.I.

N.I. (Employee’s National Insurance) shows the National Insurance contributions you have made during the Tax Period. Please note that this figure is inclusive of your N.I. rebate, which was previously shown as a separate figure on your payslip. In this example the employee has paid £268.00 National Insurance for the period.

RSP Pension EE

RSP Pension EE (Employee Pension) shows any payments you have made into your pension scheme, if you have enrolled, and is subject to tax relief. In this example the employee has paid £148.75 into his pension scheme. The Pensions deductions might appear as RSP (Retirement Savings Plan – a money-purchase scheme), APP (Accenture Pension Plan – a final salary scheme), or ARF (Accenture Retirement fund – a hybrid scheme) depending on which scheme the employee is entered into. If you have not opted in to the company pension scheme this deduction will not appear on your payslip. If you have any queries in relation to your pension scheme membership, please contact the Pensions team; either at: https://ukpensions.accenture.com or by telephone via the Peopleline number


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RSP Pension Protected Rights EE

RSP Pension Protected Rights EE (Employee Pension) shows any payments you have made where you have opted to contract out of your pension scheme. In this example the employee has paid £37.98 into his pension scheme. The Pensions deductions might appear as RSP (Retirement Savings Plan – a money-purchase scheme), APP (Accenture Pension Plan – a final salary scheme), or ARF (Accenture Retirement fund – a hybrid scheme) depending on which scheme the employee is entered into. If you have not opted in to the company pension scheme this deduction will not appear on your payslip. If you have any queries in relation to your pension scheme membership, please contact the Pensions team; either at: https://ukpensions.accenture.com or by telephone via the Peopleline number

Nanny Cost

Nanny Cost shows deductions taken from any employees who have enrolled in the Nanny Payroll scheme. In this example the employee has paid £706.91 for Nanny Cost for the January Tax Period.

CARE4 DEDUCTION

CARE4 DEDUCTION shows any deductions taken from any employees who have enrolled in the CARE4 scheme. The first £217.00 of this the cost is taken as a negative payment from the employee’s Payments. Any additional payments are taken as deductions. In this example the employee has paid £706.91 for Nanny Cost in addition to the £217.00 payment listed under the ‘Payments’ section of the payslip. The employee will pay tax and N.I on the £706.91 deduction, but not on the £217.00 payment since it is a government scheme.

ESPP Deduction

ESPP shows deductions made if you are enrolled into the Employee Share Purchase Plan. The deduction is calculated on your monthly salary and overtime, and is based on the contribution that you specified (between 1% and 10%) when you entered the scheme. In this example the employee has paid £371.88 into the ESPP as the calculation is based on a 5% contribution. ESPP deductions may appear as a negative amount if you choose to opt out of the scheme once registered. Reimbursing any payments that you have already made into the plan will show as a negative deduction rather than a payment, since the company is reimbursing deductions that have already been taken rather than crediting you with new payments. For more information on the ESPP, and details of how to opt in and out of the scheme please visit: https://myholdings.accenture.com

Priv Med Ins

Med Ins Benefit shows any Medical Insurance Benefit deductions taken when employees have opted in to a private health scheme in addition to single cover. In this example the employee has been deducted £15.93 for his Private medical Insurance.

Total Deductions

Total Deductions shows the total deductions that will be taken from your payments during the Tax Period. In this example the employee has paid a total of £3,961.94 in deductions during the Tax Period.


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Your Cumulatives

The ‘Cumulatives’ section of your payslip shows all your current year-to-date figures since the beginning of the tax year. The tax year starts in April, so all year-to-date figures show the total payments made between April and the current Tax Period e.g. the year-to-date figures for the November 2006 payslip will show all year-to-date payments made between April 2006 and November 2006 inclusive. Gross to date

Gross to date shows the year-to-date Gross Pay that you have received i.e. all your earnings since the start of the current tax year. In this example the employee has earned £86,935.71 since the start of the tax year on 1st April 2005.

Taxable pay to date

Taxable pay to date shows the year-to-date total of taxable pay i.e. all earnings that you have been taxed on since the start of the current tax year. In this example the employee has paid £85,417.72 since the start of the tax year on 1st April 2005.

Tax to date

Tax to date shows the total amount of tax you have paid since the start of the current tax year. In this example the employee has paid £27,468.20 in tax since the start of the tax year on 1st April 2005.

EE’s N.I. to date

EEs N.I. to date (Employee’s National Insurance to date) shows the total amount of National Insurance you have paid since the start of the current tax year. In this example the employee has paid £2771.15 in National Insurance contributions since the start of the tax year on 1st April 2005.

ER’s N.I. to date

ER’s N.I to date shows the total amount of Employer’s National Insurance that Accenture have paid on your behalf since the start of the current tax year. In this example Accenture have paid £10,373.24 of National Insurance contributions on the employee’s behalf since the start of the tax year on 1st April 2005.

Medical insurance Benefit to date

Medical insurance benefit to date shows the total amount of Medical insurance Benefit you have been paid since the start of the current tax year. In this example the employee has paid £24.91 of Medical insurance Benefit since the start of the tax year on 1st April 2005.

Pensionable pay to date

Pensionable pay to date shows pay on which pension contributions have been calculated since the start of the current tax year. In this example the employee has paid £7,437.50 of Pensionable pay since the start of the tax year on 1st April 2005.

ER’s Pension this period

ER’s Pension this period (Employer’s Pension this period) shows the total amount of pension contributions Accenture have paid into your pension scheme during the current period only, even though the figure appears under the Cumulatives section of your payslip. In this example the company have paid £469.99 into the employee’s pension scheme during the March Tax Period.


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ER’s Pension to date

ER’s Pension to date (Employer’s Pension to date) shows the total amount of pension contributions Accenture have paid into your pension scheme since the start of the current tax year. In this example the company has paid £4,518.65 into the employee’s pension scheme since the start of the tax year on 1st April 2005.

Your Net Pay

The ‘Net Pay’ section of your payslip shows your Net Pay for the current period. Paid By

Paid By shows the method used to pay you your Net Pay. Your payment method will typically be BACS (Bank Automated Clearing System) which electronically transfers your net pay into your bank account. Pay Method may also appear as Cheque for New Joiners who have not submitted their bank details to Irish Payroll Operations. If your payment method appears as Cheque on your payslip your wages will not be paid to you until Payroll Operations receive your bank details as per company policy. In this instance please contact Payroll Operations with your bank details.

Net Pay

Net Pay shows the amount paid into your bank account after all deductions have been taken. In this example the employee has been paid £3,823.73 for the January Tax Period.


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Frequently Asked Questions What day of the month will I get paid?

You will continue to be paid on the last working day of every month. If this date falls on a weekend or public holiday then you will be paid on the last available working day prior to the end of the month. In December, payday will be the last available working day before Christmas Eve.

What should if I do if I believe information on my payslip is incorrect?

If you believe information on your payslip is incorrect please contact Peopleline.

Where can I get a copy of my payslip?

You can request a copy of your payslip from Payroll Operations.

Where can I get details on the Accenture’s pension schemes?

If you have any queries in relation to your pension scheme membership, please contact us; either at: https://ukpensions.accenture.com or by telephone via the Peopleline number.

How can I change my pension contributions?

If you have any queries in relation to your pension scheme membership, please contact us; either at: https://ukpensions.accenture.com or by telephone via the Peopleline number.

Where can I get information on my tax code and PRSI number?

Please visit: www.direct.gov.uk for tax information. Please visit: www.direct.gov.uk for National Insurance information.

What should I do if my pay is not received by my bank?

If you have not received payment into your bank account you should contact Payroll Operations.

Contact Us In order to avoid unnecessary queries, please compare your new payslip with the December version before contacting Payroll Operations. If you have any additional questions regarding to your payslip please contact: Payroll Operations UK Payroll Operations Room 429 20 Old Bailey London EC4M 7AN 0207-844-1755 [email protected] For HR queries please contact: Peopleline 0207-844-0006 [email protected]

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