Skip to content
All calculators

How to Read Your Payslip

Every line on a UK payslip explained, and the checks worth making each month.

Published 29 October 2026. Updated 29 October 2026.

Why your payslip matters

If you are an employee, your employer must give you a payslip on or before each pay day, on paper or electronically. It must show your gross pay, any deductions and the net pay you receive. It is the quickest way to spot a wrong tax code, a missed pension contribution or an unexpected deduction, so it is worth a few minutes each month.

The main sections

Pay and deductions

Your tax code and tax period

The tax code is printed on every payslip. The standard code for most people in England, Wales and Northern Ireland is 1257L, which reflects the £12,570 Personal Allowance for 2026/27. Check it matches what you expect, and use our tax code checker if it does not.

You will also see a tax period, such as month number or week number. Tax months run from the 6th of one month to the 5th of the next, and the tax year starts on 6 April, so month 1 does not match the calendar month.

Codes ending in W1, M1 or X mean tax is worked out on that pay period alone. That is typical when a new job starts without a P45, and it is covered in our emergency tax guide.

Year to date figures

Most payslips show running totals for the tax year so far: gross pay, tax paid, National Insurance and pension. These matter because PAYE is cumulative. Each pay day, your employer works out the tax due on your total pay to date and subtracts what you have already paid. If these totals look low after a job change, ask your employer whether your previous pay details were included.

A monthly checklist

  1. Is your gross pay what you agreed, including any overtime or bonus?
  2. Does the tax code look right for your situation?
  3. Are the pension deductions and employer contributions showing?
  4. Is there a student loan deduction that should not be there, or one missing that should?
  5. Do the year to date totals roughly match last month's plus this month's figures?
  6. Does net pay match the amount that arrived in your account?
If something looks wrong, raise it with your payroll or HR team first. For a tax code that still seems wrong after that, contact HMRC or check your Personal Tax Account on GOV.UK.

Work out what you should be taking home

To compare your payslip with an estimate, use our salary tax calculator and see how PAYE works for the full picture. The figures are estimates, so small differences can come from pension arrangements, benefits in kind and your exact tax period.