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Employers in the Saffron Walden area should be aware of the legal requirements concerning payslips – here is the HSA & Co guide to the essentials…
Most employees receive payslips and take them for granted, but what are the legal requirements?
All employees, including those working part-time and temporarily, are entitled to receive a written payslip on or before their pay day. The Employment Rights Act (ERA) sets out the required contents of a payslip:
In practice, most employers give much more information than the basic statutory requirements. For instance, it is obviously good practice to analyse gross pay to show:
It is also usual to show the period covered by the payment, and the date of payment.
You can significantly reduce queries from employees by giving basic details such as:
If you are an employer in the Saffron Walden area we can provide support and advice – contact HSA & Co.
The number of approvals given for the funding of small businesses through the government's Enterprise Investment Scheme (EIS) has dropped, according to figures published by HMRC.
19 Nov 2019
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