Understand your payslip and pay deductions
Last reviewed on 13 August 2018
If you’re a Co-op colleague you’re paid every 4 weeks - these are called ’pay periods’. You get a payslip on MyHR for each pay period.
Use this page to help you understand some of the words on your payslip.
If you see ‘Retroactive’ next to any payments or deductions, it means they have been applied in this payslip but relate to a previous period. For example, you might see ‘Sickness Deduction Kronos Retroactive’ - this would mean a deduction was made because you were off sick in the last 2 weeks of the previous pay period.
This section shows how much you’ve been paid during the pay period. It includes any holiday hours or sick pay, which are itemised on your payslip.
Hourly Rate - your basic hourly rate for the hours you’re contracted to work.
TS Overtime Plain Time - overtime hours you’ve worked at your basic hourly rate.
TS Overtime Night Shift - overtime hours you’ve worked at time and a third rate.
SSP - sick pay paid at the statutory sick pay rate, which is set by the government.
Sickness Payment - sick pay paid at your normal hourly rate by Co-op - check your contract for details of what you’re entitled to.
Total Earnings - everything you’ve been paid in this pay period before any deductions.
Net Pay – the amount paid into your bank account after any deductions.
This section will show you any deductions that have been taken out of your pay. It includes things like National Insurance, tax and student loan payments.
NI Employee - how much National Insurance you’ve paid.
Pace X Percent Salary Sacrifice - how much you’ve paid into your Co-op pension.
TS Punctuality - deductions for clocking in late or clocking out early.