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What is an EE pension?

If youve got a workplace pension, youll probably see ER pension on your payslip. Thats the money that your employer is contribution to your pension pot. Similarly, EE pension on your payslip is the money that youre contributing to your pension pot from your wages.

What does pen mean on my payslip?

Understanding your payslip. Pensionable Pay P or PENS at the side of any payment indicates that it is pensionable. NP at the side of any payment indicates that it is not pensionable.

What is a pension advice slip?

Pensions are subject to income tax in the same way as earnings from employment. You will receive a pension in payment advice slip with your first pension payment, thereafter, only if there is a change in your net pension of 5 or more. The advice slip will show you the amount of your pension before and after tax.

How do I get a pension statement?

If you belong to one, your pension provider will usually send you an annual benefit statement. If you dont receive a statement, you can ask for one. The statement shows how much pension you might get. It might assume that you take your tax-free cash lump sum.

Is it illegal not to get a payslip UK?

Your employer must provide you with a payslip. They do not have to do this if youre: not an employee or worker, for example a contractor or freelancer. in the police service.

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