N
- Net payNet pay is what an employee receives after Income Tax, National Insurance, pension and other deductions. A £30,000 example for 2026/27 and the payslip.
- NI category lettersThe National Insurance category letter on a payslip sets how much NI the employee and employer pay. What each letter means and the 2026/27 rates.
P
- P32A P32 is the Employer Payment Record: each tax month's PAYE, NI and loan deductions, minus EPS reductions, and what you pay HMRC by the 22nd.
- Payroll GivingPayroll Giving takes charity donations from pay before Income Tax but after National Insurance, through an HMRC-approved agency. Example and payslip line.
- Primary thresholdThe primary threshold is £242 a week or £1,048 a month in 2026/27. Above it, employees pay 8% NI up to the upper earnings limit. Worked examples inside.
S
- Salary sacrificeSalary sacrifice swaps cash pay for a benefit such as a pension contribution. The tax and NI effect, the minimum wage limit, and how it shows on a payslip.
- Secondary thresholdThe secondary threshold is £96 a week, £417 a month or £5,000 a year in 2026/27. Employers pay 15% NI above it. Examples, under-21s and apprentices.