Monday 8th Feb 2010

What About Money?  

View Comments
Bookmark and Share

Earning money

Your income explained

As you search for your first job, you might find yourself drawn to a position with an impressive annual income. Before jumping for joy, do you know what this boils down to for each week or month? It’s also vital that you’re aware that your ‘gross’ salary refers to the sum before deductions like National Insurance, Income Tax and any work scheme contributions (such as pensions) and your ‘net’ income is the amount you’re left with afterwards. Unless you have the opportunity to work overtime or earn a bonus, this is what you’ll have to live off until the next payday.

Also find out where you stand with holiday and sick pay. This can vary from job to job, and may not kick in until you’ve completed a probationary period. Your employer may also make contributions to your pension, as well as offering other benefits such as gym membership or life insurance. Don’t be shy to ask if these are benefits your employer offers and how they affect you. If anything, it’ll show you’re switched on about your working life.

Finally, be aware that in the UK the Minimum Wage Act protects you from being underpaid. This means your employer has to pay you a minimum hourly rate. The rate increases as you get older, but you’re protected by the law from the age of 16.

For more information about managing your money, check out whataboutmoney.info.

Rating:

1 Kiss2 Kiss3 Kiss4 Kiss5 Kiss

Bookmark and Share
blog comments powered by Disqus

Related Posts

Today On Kiss

Kiss Kube

Listen live and listen again on
The Kiss Kube

Playlist

Check out all the tracks on the
The Playlist

Kiss Mobile

Text 'Kiss' to 86145 for the Kiss WAP site

Kiss TV

Sky channel 361 and Virgin Media channels 326/336

 
Latest Comments
Popular Posts
Top Rated
  • Tickets on sale
    South West Four Weekender Bank Holiday Saturday 28th & Sunday 29th August 2010 Clapham Common, L
  • Dannii Ducks Out
    Dannii Minogue has confirmed she won't be involved in this year's X Factor auditions. The judge is e
  • Platnum – Emotionally Tired
    Platnum return with a smash new single 'Emotionally Tired' on the 12th April Valuable time spent in
  • totalkiss.com beta
    Welcome to the brand new totalkiss.com! Have a look around and let us know what you think.
  • New Moon
    Bella Swan is devastated by the abrupt departure of her vampire love, Edward Cullen, but her spirit is rekindled by her growing friendship with Jacob Black.
  • Midnight Madness
    For the 2nd year, KISS is happy to support Midnight Madness - the biggest summer basketball tournament in the UK 2009.
  • zeynepaltun - i love hoildays and traveling while on holiday. i think…
    Win £100 vouchers! (3)
  • Hayley - How much are the tickets and where can i buy…
    The KISS Weekender 2010 (17)
  • Lorraine Francies - wicked.....weird and wonderful......…
    Lady Gaga – Telephone ft. Beyoncé (12)
DJ Swerve
DJ Swerve

Playing the biggest hip hop and RnB, Monday-Friday on KISS.

KISS Kube
KISS Kube

Listen Live. Listen Again. All your favourite shows and DJs.

KISS Upgrade
KISS Upgrade

Unlimited access to the best interviews and exclusive competitions!

KISS Film
KISS Film

The biggest and best UK theatre releases, competitions and reviews exclusive to KISS.