Understanding your payslip

Breaking down the basics of a payslip

At the very top of your payslip, you will note a few different things.

• Contact and Business details for your employer, this includes:
  • Business name
  • Business address
  • Payroll email address
  • Business ABN
  • Business phone number

• Payment date - This is the date that the payroll officer or team processed your pay and uploaded it to the bank.

  Note: The date you receive the money in your account may be different to the Payment date and will depend on your bank's processing time.
• Pay period - The period of work for which you are being paid. This pay period is determined by your employer and could be weekly, fortnightly or monthly.
• Gross Pay - This is the total calculation of your total paid hours of work, plus any additional Taxable and Non-taxable Allowances, and paid Entitlements.
• Net Pay - This is the amount that will be paid to your bank account.
  • To calculate Net Pay = Gross Pay - Tax - Additional Tax - Non-taxable Deductions + Non-taxable Allowances. 
• You will also see the following personal details:
  • Employee legal name
  • foundU Employee ID number
  • Postal Address 
  • Employment Basis

• Employment Position(s)
   

  Warning: The personal details above need to be kept up to date. If you notice any incorrect information, please take a look at the help guides on Editing personal details and Editing your address, and update your details as soon as possible. 

Below this, from the middle of your payslip down, you will see 2 key sections.

• Hours: This will show the Hours worked, this could include Ordinary and Overtime hours, along with additional shift penalties, and break penalties.
• Summary: The Summary contains your current pay details for the pay period along with your Year To Date (YTD) totals, broken down into:
  • Total Hours paid
  • Total Taxable Items - This is the total dollar figure amount for any Taxable Allowances.
  • Total Gross pay
  • Total Tax
  • Total Non-Tax Items - This is the total dollar figure amount for any Non-taxable Allowances.
  • Total Deductions
  • Total Net Pay

At the very bottom of your payslip, you will see the following financial details.

• Superannuation:
  • This section will display your Superannuation fund details, which include your funds USI number and your member number, along with:
  • Super Guarantee - The total super to be paid by your employer for the current pay period.
• Bank Details:
  • You will be able to see the last 3 digits of your bank account number, along with BSB and Account Name.

Below is an example of a Payslip with the items you should expect to see.

Additional payslip items

Sometimes your payslip might include additional items; these could be one-off or reoccurring to your payslips.

Additional fields you may see are:

• Reimbursements - This is used to cover the cost of expenses that come up while working; this could be for things such as:
  • Food expenses while travelling
  • Personal mobile phone use
  • Fuel for travel
  • Accomodation for overnight stays
• Pay Items / Allowances - These can be taxable or non-taxable items paid to you by your employer for things such as:
  • Uniform refunds
  • Allowances for higher duties worked
  • Back pay
• Deductions - Deductions can be in place for things such as:
  • Child support payments
  • Salary Sacrifice
  • Uniform repayments 
• Entitlements Paid - Any paid Entitlements taken such as Annual Leave or Personal leave paid.
• Entitlements Accrual - Accrued hours for your Entitlements.
  • The quantity (Qty) column will show the amount accrued for the pay period covered in the payslip
  • the amount column will display the current balance of hours accrued towards your Entitlements.
• HELP - If you have a HELP/HECS debt and currently earn above the repayment threshold, your Summary will display a row that displays separately how much of your tax for the current pay period is going towards your HELP/HECS debt. 
• Super Salary Sacrifice and/or Personal Super Contributions - If you have set up any additional salary sacrifice or personal contributions towards your super, this will be displayed underneath your Super Guarantee. 
• Additional Tax - If you have set up any Additional Tax payments, this will be displayed underneath your Superannuation. 

Below is an example of a Payslip with additional items applied.