Payslip Explained - What does each item mean?

Here is a helpful guide to the items shown on your payslip, and the order that you'll see these deducted.

We'll shortly be uploading a video which discusses each item, so keep an eye out for this over the next couple of weeks!

We will email out your payslip (unless you have opted out of this option) by the end of your payment day, and a copy of your payslip will be uploaded to the Nasa Portal.  

Your payslip will look something like this:

This is a detailed payment breakdown showing the following:

Assignment Rates

• Total received from your agency for the payment period. 
• This will show the number of hours / days and agreed contract rate 

Employment Costs

When you are employed by an umbrella company, it means neither your client nor agency are paying the Employment Costs directly to HMRC. The Contract Rate we agree with your agency covers all costs - your basic pay, holiday pay, and our employment costs. 

• Employer National Insurance Contributions
• Apprenticeship Levy
• Employer Pension
• NASA Umbrella Margin - The agreed margin per pay period discussed when you joined. 

Statutory Payroll Deductions

Once the employment costs have been retained, the remaining funds are allocated as your available taxable pay. This is subject to statutory PAYE and NI deductions. 

• PAYE Tax
• Employee NIC
• Student Loan
• Attachment of earnings orders 
• Employee Pension

Holiday pay allocation

We pay holiday pay in advance with each payment you receive, and this amount just shows the breakdown of how much holiday pay has been calculated and advanced. 

• Amount calculated from your pay shown in payments, which is the portion of the overall contract income that is your holiday pay entitlement

• Total paid to you after PAYE has been applied (after all deductions) - this is the amount that will clear in your bank! 
• If you have already received a payment in that same tax period, you may see an additional line called "net pay already processed" in the deductions section. This indicates two payments have been processed in the same tax period, so this payslip combines both, and recalculates your tax and NI based on the overall combined total.