Enables you to model and calculate the annual net pay produced from the values in Employee Remuneration Package Options.

Initially the window shows the employee’s current pay frequency, tax code and National Insurance category. You can change these if required, and apply their values to calculate the pay deductions and net pay.

Note: Values for the display-only fields in this window only appear if pay elements have been enabled for the remuneration elements that have been used.

General

Pay Type

Select the pay frequency to be applied to the remuneration package – for example, monthly, weekly, from the drop-down list. The options are set up in the PAYTYP narrative category.

Tax Code

Enter the tax code to be applied to the remuneration package.

National Insurance Category

Enter the National Insurance category to be applied to the remuneration package.

Gross Value

Display only. The actual value of the remuneration package, as shown in Employee Remuneration Package Options.

Tax

Display only. Calculated income tax.

Nat.Insurance

Display only. Calculated National Insurance.

Other Deductions

Display only. Total value of other deductions – such as pension contributions, health insurance, trade union dues, social club fees, and so on.

Approx Net

Display only. Calculated approximate value of net pay.

Period Net

Display only. Approximate Net divided by the pay frequency shown in the Pay Type field.

MD29G32