Making sense of your payslip
Your employer should provide you with a weekly, fortnightly or monthly payslip - especially if you are paid directly into your bank account. The payslip provides you with your salary details and any deductions that have been made for tax or other purposes.
Below are sample payslips for someone employed full-time who was paid with the salary directly credited to their bank account, and for someone employed casually, who was paid in cash. The layout of payslips varies, but they should include details of the Hours Worked, the Rate at which you are paid, the amount for This Pay, and Year To Date. PAYG is Pay As You Go tax, which is the standard income tax.
You can see that the full-time employee earns Annual Leave (paid holidays), and has deductions from the salary that include superannuation. These don't appear on the payslip of the casual employee as they don't apply.
Full-time employee payslip
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Hours Worked
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Rate
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Amount
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This Pay
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Year To Date
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Ordinary Time
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26.00
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25.000
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650.00
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Annual Holiday
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0.0
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25.994
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0.0
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Total Gross Earnings
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650.00
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1,300.00
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PAYG Tax
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100.00
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200.00
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Social Club
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2.0
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4.0
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HECS Repayment
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13.00
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26.00
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Superannuation
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35.00
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70.00
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Less Post-tax Deductions
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50.00
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100.00
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Net Pay
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450.00
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900.00
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Direct Credit to account:00000000
Total Payments
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450.00
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900.00
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Annual Leave due: 115.00 Hours
Annual Leave accrued since 05/04/04: 35 Hours
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Casual employee payslip
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Hours Worked
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Rate
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Amount
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This Pay
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Year To Date
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Ordinary Time
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10.00
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17.500
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175.00
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Total Gross Earnings
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175.00
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350.00
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Holiday Pay
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10.00
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10.00
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20.00
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Plus Taxable Allowances
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185.00
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370.00
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PAYG
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35.00
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35.00
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70.00
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Less Taxes
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Net Pay
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150.00
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300.00
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Cash
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150.00
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Total Payments
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150.00
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300.00
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Annual Pay due: $0.00
Annual Leave due: 0.00 Hours
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Learn more about the differences between casual and full-time employment.
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Your questions answered
What’s the difference between a wage and a salary?
A wage is paid by the hours worked; a salary is a set payment. Salaried workers usually don’t receive overtime pay.
What’s the difference between basic earnings and gross earnings?
Basic earnings refer to the hourly wage multiplied by the normal number of hours that are worked by week. Gross earnings are often higher as they are boosted by overtime, bonuses and shift pay.
What’s the difference between gross and net pay?
Gross pay is the basic pay plus overtime and bonus. Net pay is the gross pay minus the total deductions (income tax, superannuation, Medicare levy, any union fees, etc.). Sometimes people are surprised when they see their first payslip and learn the difference between gross and net pay.
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