Bank details 3 1 • Check your pay period is correct. • Check your hours match what you worked. • Check your hourly rate is correct. • Check the total pay is correct Hours x Rate = Your Pay $. • YTD just means “Year to Date” so what you have been paid in a financial year (July 1 - June 30). 1. Tax withheld calculator https://www.ato.gov.au/Calculators-and-tools/Tax-withheld-calculator 2. Super calculator https://moneysmart.gov.au/grow-your-super/employer-contributions-calculator 3. Employer contributions https://www.studentsuper.com.au/employer-contributions It’s ok to ask! If you don’t understand your payslip… just speak to your boss or payroll officer. Politely ask them to explain how they make the calculations. On your first day, you will bring your bank details. Make sure you have: 1. Account name (your name) 2. BSB - this is always 6 digits 3. Account number • PAYG is “Pay As You Go”. This is the tax your boss will take out of your wages to pay the tax office on your behalf. • Your tax rate will be different depending on a number of factors. You can use a tax calculator from the ATO here.1 2 • Check the super fund is the one you nominated. • Check if you should be receiving super in this month. You can use a super calculator here.2 • Super money is paid into your super account. From 1 July 2026, Payday Super will come into effect.3 • Payslips DON'T show that your super is actually paid. Only logging into your super account will confirm payment. 3 • Check that your bank details are correct. • Check that your final pay amount is what you see in your bank account. It will be Gross Wages - Tax = Your Pay $. 4 How you check your payslip Learn how to read your payslip so you know you’re being paid correctly. Here’s an example: Wages Tax Super Your pay details
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