Take Home Pay

Take Home Pay

Take-home pay is the actual amount of money an individual receives for his employment or contract work in a given month. It is the gross pay less tax (if they are paid above the tax threshold) and other items, including, in the UK, for example, national insurance (again, if gross pay is above the NI threshold), deductions for student loans, season ticket loans, gym membership, pension contributions, payments into share saving schemes etc.

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