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Payroll Office Payroll information and understanding your payslip.

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Presentation on theme: "Payroll Office Payroll information and understanding your payslip."— Presentation transcript:

1 Payroll Office Payroll information and understanding your payslip.

2 Payroll Office - East Wing, Main Quad

3 Access to ESS

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17 Understanding Your Payslip Gross Earnings Salary and any other Payments Total Pay Gross Pay for Paye – after deductions e.g. Pension Contributions, Pension Related Deduction, ICP, Bike to Work, Travel Pass

18 Understanding Your Payslip Deductions – This Period and year to Date Paye – advised by revenue/ emergency PRSI EE – employees 4% Accident Insurance -.06% Income Continuance Plan -.91% Pension Related Deduction – Levy for the benefit of being a member of a public service pension scheme or having an entitlement to a public service pension.

19 Understanding Your Payslip Pension Related Deduction – Levy First €26,083 – Exempt Between €26,083 and €33,917 – 10% Above €33,917 – 10.5% Universal Social Charge First €12,012 – 1% (if under €13,000 exempt) Between €12,012 and €18,668 – 3% Between €18,668 and €70,044 – 5.5% Above €70,044 – 8%

20 Understanding Your Payslip Single Public Service – 3% - Pension Single Public Sector – Pension – calculation based on Salary minus – two months x old age contributory pension (currently €2021.93) x3.5% Employers Pension Contribution – made by UCC – 8% Net Pay – transferred to Bank

21 Understanding Your Payslip Details Personnel No /Staff No Annual Cut off – rate at which you pay the lower rate of tax @20% above this is taxed at 40% Annual Tax Credit – reduces tax liability Tax year January – December

22 Understanding your Payslip PRSI Class – A – employee under 66 Tax Basis – Cumulative / Emergency / Week One Emergency Tax Periods – Month one – tax credits and cut off Month two – no credits but one months cut off Month three and onwards – no credits/ no cut off, all earnings taxed at 40% plus USC @ 8%

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26 Payroll Pay day last working day of the month Information into payroll by the 15 th of the month for processing by the end of the month Expenses to be reimbursed – paid through AP Research funded –go to Research by the 8 th Change bank account – send signed Paypath form to payroll

27 Payroll Dental Hospital, Salaries, Weekly Wages, Studentships, Hourly, Pensioners, National Cancer Registry and the Art Gallery payrollqueries@ucc.ie, visit our website, FAQ’s Emergency tax, P45 & P60 Revenue 1890 222425 UCC Employer Number 0006286E


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