When you finally start earning. Learning outcomes The main learning outcomes for this lesson are: Learn what a payslip looks like and understand what.

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Presentation transcript:

When you finally start earning

Learning outcomes The main learning outcomes for this lesson are: Learn what a payslip looks like and understand what all the deductions are. Learn when you can get paid e.g. weekly, monthly, etc. Learn what the minimum wage is.

Starter You must complete the spider diagram listing how often you can get paid. You have 5 minutes!

Payslip s

Activity Hand out the worksheet called Payslips. You will need to answer all questions on the sheet. You have 10 minutes!

Share answers!

Payslips Every week or month you will be given a payslip from the company you are working for. They may not all look the same but they will have the basic information on it that we have discussed earlier. It is very important you check your payslip every month. You want to check that the amounts are correct and that you are paying the right amount of tax and National Insurance. If you notice that you are paying too much tax or National Insurance then you must check your tax code. If this is wrong then you will need to get into contact with HM Revenue & Customs (HMRC).

Minimum wage What is the minimum wage?

Minimum wage Almost everyone who legally works in the UK must get a minimum level of pay. This is called the national minimum wage. You can be paid more than the national minimum wage but you must not be paid less.

Minimum wage The rate is updated every October. Year21 and over18 to 20Under 18Apprentice* 2014 (from 1 October) £6.50£5.13£3.79£ £6.31£5.03£3.72£ £6.19£4.98£3.68£ £6.08£4.98£3.68£ £5.93£4.92£3.64£2.50

Activity Hand out the worksheet called Sean and John’s Payslips. Pupils must work out the costs of each person.

Answers Sean Smith In a week= £ In a month=£ Annually=£11,830 John Parker In a week= £ In a month= £1,640 Annually= £21,320

Plenary You now must do the gap fill worksheet. You will need to fill in the missing words. You have 5 minutes!