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Understanding payslips & bank statements
Understanding payslips & bank statements Part 1
  • Understanding payslips & bank statements:
  • - The benefits of compulsory deductions
  • - The low-down on garnishee orders
  • - Bank Statements
  • - Frequently Asked Questions
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    • Understanding payslips & bank statements:
    • - The benefits of compulsory deductions
    • - The low-down on garnishee orders
    • - Bank Statements
    • - Frequently Asked Questions

The benefits of compulsory deductions

  • You don’t have to think about making these payments, they are done automatically.
  • Many of them (like retirement contributions) are like forced savings, but they are also “invisible”. You don’t see them and so don’t think about them.
  • You are not tempted to spend the money, because it has been paid to the different accounts immediately.

 

 

 

Click here to learn more about garnishee orders that can be taken off your salary.
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