Understanding Payslips & Taxes Guide
Understanding Payslips & Taxes: A Teen’s First Job Guide
What’s this resource about?
This guide explains payslips in a clear, no-jargon way. From “gross vs net pay” to what National Insurance is, it shows you exactly why money seems to disappear from your wages.
Why is it useful?
- Perfect if you’ve just started a weekend job, summer role, or apprenticeship.
- Helps you budget with the money you actually take home (net pay).
- Explains tax, NI, and even future deductions like student loans in simple terms.
- Includes worked examples and activities, with answers included, so you can check your understanding.