Paye system - PowerPoint PPT Presentation

The PAYE system

The PAYE system. Gross PAYE. Basic Pay. Standard, Ordinary, Flat pay Pay for a regular 39 hour week Without overtime, bonus etc. Wage. Pay for work done Hourly basic eg €8.65 ph Piece rate. Salary. Fixed sum Paid weekly, fortnightly or monthly. Tax Calendar. 1 Jan – 31 Dec

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The Current System

The Current System. The New System. 2010/11 tuition fees are £3,290 EVERYBODY eligible for loan covering full fee amount Repayments taken through PAYE system and only when earnings are above £15,000 per year. 2012/13 tuition fees are up to £9,000

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