UK salary structure
Hello,
I am a part of a group working on a project to develop the labor salary structure for UK. We are working on this project as part of our coursework in Supply Chain Relations at North Carolina State University. This is for an academic study only. Can you please let me know the various components in a typical UK pay check. We have the US model and want to know the corresponding components in UK for various components like the Base salary, Bonus, Social Security and Disability, Federal Unemployment tax, State Unemployment insurance, workers compensation, health Insurance, Pension, Retirement/401k etc. I would be very thankful if you can provide me some information in this regard or point me to someone who can be of help. Thanks in advance for your help. Thanks & Regards, Suraj Kumar Shetty, Masters Student NC State University Raleigh, NC, USA |
Re: UK salary structure
off the top of my head:
base pay Tax (collected at source according to Inland Revenue Code - Pay As You Earn) National Insurance (social security) Optional elements dependant on package offered by employers Pension contribution bonus overtime statutory sick pay statutory maternity pay statutory paternity pay double time payments for working bank holidays etc shift allowance (anti-social hours etc) London weighting Life assurance contibution disability benefit contribution season ticket loan car allowance petrol allowance health insurance info re national insurance http://www.direct.gov.uk/en/MoneyTax...Tax/DG_4015904 info on tax and statutory payments http://www.hmrc.gov.uk/index.htm salary info http://content.monster.co.uk/section325.asp http://www.jobsite.co.uk/career/advice/salary.html |
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