Explanation of pay slip

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1 Explanation of pay slip HR Services 1

2 Explanation of pay slip The pay slip consists of six components. Each component is briefly explained in this document. Only the basic elements are explained in this example. 2

3 Component 1: The salary calculation Salaris (Salary) The gross salary. Tax and social insurance have not yet been deducted from this amount. WN-premie Pensioen OP/NP (Employee contribution OP/NP) Mandatory employee contribution for the Old-age pension (Ouderdomspensioen, OP)/Surviving dependants' pension (Nabestaandenpensioen, NP). WN-premie AAOP (Employee contribution AAOP) Mandatory employee contribution for the incapacity for work pension (arbeidsongeschiktheidspensioen, AAOP). Belastbaar loon (Taxable wage) The basic wage on the basis of which the wage tax and national insurance contributions are calculated. Loonheffing (Wage tax) The wage tax consists of the tax and national insurance contributions that are paid on the taxable wage. Netto loon (Net wages) The net wages that remain after deduction of wage tax and national insurance contributions. Uitbetalingsbedrag (Amount to be paid) The amount to be paid including any net payments such as a reimbursement of travel expenses and any deductions such as the contribution to the Prometheus Staff Association. 3

4 Component 1: The salary calculation Aantal (Number) TU Delft does not use the Aantal column. Tabelloon (Table wage) The Tabelloon column contains the amounts that are taxed according to the normal tax rate. Tariefloon (Special payments) The Tariefloon column contains the amounts of special payments, such as the holiday allowance. A percentage special rate (bijzonder tarief, BT) applies to these amounts. The rate applicable to you can be found under percentage loon BT (see Employee data (Persoonsgegevens) block). Betaling (Payment) The Betaling column contains the gross and net data which together result in a net amount to be paid out. 4

5 Component 2: Employee data (Persoonsgegevens) Salarisschaal/trede (Salary scale/step) The salary scale and step applicable to your position. Normsalaris (Standard salary) The gross salary for a full-time appointment. Deeltijdfactor (Part-time factor) The part-time factor of your appointment. Arbeidsduur per week (Working time per week) This shows the number of working hours per week. Please note: this concerns the hours for which salary is paid. This does not include the plus or minus leave variant, if applicable. Minimumloon 100% (Minimum wage 100%) The statutory minimum wage is determined on the basis of your age. The minimum wage applicable to you is stated here. The minimum wage is based on a fulltime appointment. 5

6 Component 2: Employee data (Persoonsgegevens) Loonheffingskorting (Wage tax and national insurance contributions credit) This indicates whether TU Delft does (j) or does not (n) apply wage tax and national insurance contributions credit. Code LB-tabel (Wage tax table code) The wage tax table (loonbelastingstabel; LB-tabel) indicates which table is used for wage tax and national insurance contributions. Fiscaal jaarinkomen (Annual fiscal income) The annual fiscal income is the taxable income for the past calendar year. The wage tax percentage for special payments, referred to as the special rate, is determined on the basis of this annual fiscal income. If you entered into employment this year, the annual fiscal income is determined by the employer. Percentage loon BT (Wage tax percentage special rate) The wage tax percentage special rate (percentage loonheffing bijzonder tarief, BT) is the tax percentage applied to incidental payments. The holiday allowance and year-end bonus are examples of incidental payments on which the special rate is levied. The special rate depends on the annual fiscal income determined. 6

7 Component 2: Employee data (Persoonsgegevens) Herleidingsregel (Conversion rule) The conversion rule only applies in the case of an exception to the regular wage tax and national insurance contributions. This may be the case if you are liable to pay tax in another country. ZW/WW/WIA/ZVW The social insurance benefits for which you are (j) or are not (n) insured. This concerns the following schemes: ZW: Ziektewet (sickness benefit) WW: Werkloosheidswet (unemployment benefit) WIA: Wet arbeid naar inkomen en arbeidsvermogen (capacity for work benefit) ZVW: Zorgverzekeringswet (health insurance benefit) Pensioenjaargrondslag (Annual pensionable salary) The annual income based on a full-time salary, using 1 January or the date of entry into employment as the reference date. Any changes will not be visible until the following year. Even if you do not have a full-time appointment, the pensionable salary is calculated on the basis of a full-time appointment. The annual pensionable salary is the basis for the calculation of the ABP contributions. 7

8 Components 3, 4, 5 & 6: Payment data, calculation data and descriptions 3: Uitbetalingsgegevens (Payment data) This block indicates the bank account number to which the payment amount is transferred. 4: Berekeningsgegevens (Calculation data) This block contains the data used in the salary system calculations in the current month. The number of SV days (sociale verzekeringsdagen) stands for the number of social insurance days (the number of days worked) in the current month. The SV days are used to calculate any benefits, if applicable. 5: Omschrijving gereserveerde aanspraken (Description of reserved entitlements) This block contains the reserved entitlements to e.g. holiday allowance and year-end bonus, including the data for the current month as well as the total amount accrued up to and including the current month. 6: Omschrijving cumulatieve bedragen (Description of cumulative amounts) This block contains the bases on which the calculations are made, including the data for the current month as well as the total amount accrued up to and including the current month. Arbeidskorting is a tax credit (wage tax and social insurance contributions credit) which you received as an employed person. This employed person's tax credit is included in the wage tax and national insurance contributions. 8

9 Any questions? (0)

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