Question:

Employment Contract Remuneration?

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My new contract of employment states the following:

"Your salary is £X per month, paid by credit to the Bank Account or Building Society Account of the Employee, net of Tax and National lnsurance Contribution or such other deductions which the Company may be entitled or required by law to make, at monthly intervals on the 26th of each month."

Question: is the £X amount what I will actually be taking home?

Many thanks in advance for your advice.

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3 ANSWERS


  1. Usually you are given the amount before Tax,


  2. From the English it sounds as though it ought to be - but for the reference to "deductions".  My interpretation is that it is intended to be the starting figure, before any deductions like tax and NIC.

  3. No this is your gross salary. Tax and national insurance will be deducted

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