Why You Should Review Your Payslip: Tips for Employees and Employers

Your payslip is not just proof that you’ve been paid—it’s the definitive record of your entitlements as an employee and the accuracy of your payroll expenses as an employer. Any mistake can cost employees hundreds or even thousands, and expose employers to fines or loss of trust.

For Employees: Protect Your Income

• Verify Gross and Net Pay
  Make sure your gross salary matches your contract and that your net take-home pay reflects all correct deductions.

• Claim All Tax Deductions and Credits
  Check that you’re benefiting from every legal tax break—whether for dependents, transportation, or other allowances.

• Monitor Allowances, Commissions & Overtime
  Confirm that all bonuses, sales commissions, and extra hours are calculated and paid correctly.

• Audit Insurance & Pension Contributions
  Ensure your health insurance premiums and pension fund deductions don’t include unauthorized fees.

• Track Vacation Balances
  Review your accrued vacation days and claim any cash-out you’re owed for unused leave.

For Employers: Control Costs & Stay Compliant

• Generate Detailed Cost Reports
  Produce a breakdown of each employee’s total cost—salary, taxes, social security, and vacation liabilities—to spot irregularities.

• Automate Your Payroll Process
  Implement or optimize payroll software to minimize manual errors and accelerate disbursements.

• Manage Vacation Accruals
  Regularly reconcile leave balances so you never overpay or build up unexpected liabilities.

• Ensure Regulatory Compliance
  Confirm that tax rates, social contributions, and labor law requirements are applied correctly to avoid fines.

• Protect Employee Data
  Enforce secure storage and access controls to keep payroll information confidential and audit-ready.

What’s the First Step?

• Gather your most recent payslip and any details of allowances or commissions.

• For Employers: Obtain a detailed employment-cost report for each employee.

• Reach out to us at info@healthy-finances.com or via our website’s contact form.

• Book an audit appointment with Jackline, our Payroll Manager with over 9 years of experience.