Wage slips and understanding them
posted on: October 16th, 2009
To understand why a wage slip
is such an important document, it should be understood exactly what a wage slip
is. It is the proof you get from your employer that your salary has been transferred from the company to you as the employee.
Having wage slips is important as it is the proof a person needs of his or her regular income. A wage slip is needed when negotiating a mortgage loan, buying a car and for those all important tax rebates.
Keeping wage slips on record is an important part of managing your personal finances in an organised way. Wage slips vary from company to company
and there are no specific criteria of exactly what deductions and extras must be included on a wage slip. This is another reason to keep all wage slips safe, for this is your personal income records; it’s not generic. Now that it is understood that a wage slip is an important document, what do you do when it gets lost or damaged?
Replace it speedily
The safekeeping of a wage slip
is your personal responsibility, so if it’s lost you have to replace it so as to have it available when needed. This is where Payslips Plus comes in as we offer a service of replacing lost or damaged wage slips.