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Top 10 money tips for those entering the workplace

Employee Benefits

A payslip contains important information, including someone’s payroll number, gross income (the income before any taxes and deductions have been taken out) and net pay (what’s left after deductions have been taken off), and usually a tax code.

Pension 52
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Fiscal drag: how can employers offset the challenges of a difficult economy?

Employee Benefits

This can contribute to fiscal drag, which occurs when taxpayers are ‘dragged’ into paying tax, or a higher tax rate. This will positively impact the net pay of the majority of employees, but might not fully offset potential tax bracket changes. This could add further strain to employees.