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Tool Find a retirement adviser. Calculator Redundancy pay calculator. Home Work Employment. Work Employment. How you get paid at work. How will my pay be worked out? Type of pay. Hourly rate. You earn a set amount for every hour you work. Piece work. Table scroll. Back to top. Find out more in our guide National Minimum Wage. Some employers might pay you in cash. But mostly, wages are paid into your bank account.
Find out more about tax codes, and the other important information on your payslip, in our guide Understanding your payslip. Tips and bonuses. You also need to pay tax on these, but not National Insurance. Find out more about 'troncs' on the GOV. UK website If a customer gives you a tip via their bank card when paying for a meal or service, and your employer shares it with you, your employer is responsible for sorting out the tax and National Insurance.
If the employer passes such payments to a tronc, the rules above apply and no National Insurance is due. Work and welfare benefits. Find out more in our guide Universal Credit explained.
Other work benefits. Employers might offer other benefits as well as your pay, for example: health insurance accommodation company car gym membership. You still have to pay tax on many benefits in kind. Find out more in our guide Cars, insurance and other employee benefits. Your employer will give you information about the scheme. Was this information useful?
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Advertisement Advertisement. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Teach agrees. Discuss salary with other professionals in your industry. Tap mentors in the industry and ask them for their advice and feedback on what a fair compensation package would be, given your personal work and education history, as well as the location of the job and company, Zupan says.
While talking salary is historically taboo, you may be surprised how open trusted colleagues are when it comes to sharing salary, she adds. Even if colleagues are hesitant to provide some specifics around compensation, they may offer some valuable insight on the topic. You should never get caught discussing salary with a co-worker, Teach says.
The key is to do it as discreetly as possible. Pick one co-worker whom you trust and is in-the-know and swear them to secrecy. Taylor suggests you ask salary questions through social media, using a general name. This is a BETA experience. You may opt-out by clicking here. More From Forbes. Nov 10, , pm EST.
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