What is the difference between gross pay and net pay?
Explain it like I'm 16
Gross pay is your pay before deductions. Net pay is what remains after deductions and is usually the amount you receive.
A real-world example
In a made-up example, gross pay is £2,000 and total deductions are £400. Net pay is £1,600. This illustrates subtraction, not the deductions that would apply to a real £2,000 salary.
Example 1 of 1
Common misunderstanding
The amount in a job advert is not always the amount that will reach your bank account. Confirm whether the figure is gross and which pay period it covers.
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