Payslips

Kupu matua - Keywords

Gross and Net Pay

The difference that you need to remember is

NET PAY is the actual amount that will be paid into your account (minus taxes, kiwisaver etc.)
GROSS PAY is the amount of money you earned before taxes etc. come out.

gross = all the fish you’ve caught in your net before anything happens to them.

net = the fish you actually get to take home after the tax seagulls, KiwiSaver crabs, and other deductions nibble away at your catch

Gross! You have caught a lot of fish, but the seagulls have all swooped in...

all that’s left in your net is what you get to keep!

PAYE

PAYE is the acronym for Pay As You Earn. Employees have PAYE deducted from their earnings. This money goes to the government (taxes). We will cover this more later.

Salary You’re paid a fixed amount per year, no matter how many hours you work. It’s usually split into equal payments (like weekly, fortnightly, or monthly).

e.g. teachers, accountants, office manager

Wage You’re paid for the hours you actually work. If you work more hours, you get more money; if you work fewer hours, you get less.

e.g. fast food worker, nurse, builder