Thereare further training sessions available here to support with using Employee on-line - see below. , theres a lot going on in those tiny letters on your paycheck stub, so it can often be hard to make sense of them all. What Are The Similarities And Differences Between Oceanic And Continental Crust? In this blog post, well decode the most common paycheck stub abbreviations so you can easily and confidently interpret your next paycheck stub. Next, create two sub-tables to include employee earnings and deductions. Example. Working time directive rules state that people cannot work more than an average of 48 hours per week in any 17-week period. Now, you can easily calculate the quarter-to-date revenue. Note: Please note actual rates may show with 1p difference either way on final pay due to rounding. WTD (Working Time Directive Pay), for example, is payable on the enhancements only if the employee has a substantive job with the Trust in this scenario. A Payment name, contact your employer nhs payslip abbreviations ) a trucker who and! On a French payslip, there is a rule of 3. Please note that claims for enhancements manually via timesheet when on annual leave should no longer be submitted after 31 March 2022 as payment will be made automatically as per the above method. So babyroobs is right, I think, that you don't get extra pay when you take annual leave, but you do get WTD pay when you work, which is an extra 12.5% of your enhancements and covers the cash value of the annual leave that you should get for working those hours, so that when you take leave you've been compensated in advance. Tax code? It is commonly used in accounting and finance for financial reporting purposes. What do I do? But on bank (basically zero hours) am I correct in my thinking? Below are the most common paycheck stub abbreviations that deal with before-tax deductions: Lastly, some deductions that appear on your paycheck stub may come out after taxes. From 1April 2022 the way in which WTD payments are made has changed in response to the ruling in the Flowers v East of England Ambulance Service NHS Trust case. Your payslip will explain why, which will help you get a realistic picture . They may be shown after taxes, investments and insurance are deducted, or before. Often, these will be displayed for the pay period and for the year to date. What you do is hit the 'Time in Lieu' link on your employees calendar summary. Overnight workers are also not eligible to sign this opt-out form and must work no more than eight hours per shift. WTD on a pay slip/stub means working time derivative. Your company's year-to-date payroll (YTD) is the amount of money your company has spent on the payroll since the beginning of the calendar or fiscal year, up to the current payroll date. Holiday pay for term-time workers. This button displays the currently selected search type. Even if a calculation isn't provided on your pay . So babyroobs is right, I think, that you don't get extra pay when you take annual leave, but you do get WTD pay when you work, which is an extra 12.5% of your enhancements and covers the cash value of the annual leave that you should get for working those hours, so that when you take leave you've been compensated in advance. 25 October 2015 at 12:33AM. Tax TD) - This means "To Date" or "Year To Date". Youll find several popular paycheck stub abbreviations as well as those that arent so prevalent on your pay stub. Your Pay and Earnings Statement can have various codes on it. In this blog post, well decode the most common paycheck stub abbreviations so you can easily and confidently interpret your next paycheck stub. Simply type WYD to start a conversation. PAYE is a federal loan repayment plan in the United States that pays payments based on income rather than a fixed sum. But understanding what it all means is really important - how are you going to spot if you have been paid incorrectly if you don't know what you are looking at? Continue to book and record leave on the roster and this will be transferred into ESR as normal, but you will now also need to identify bank holiday leave separately. Mumsnet carries some affiliate marketing links, so if you buy something through our posts, we may get a small share of the sale (more details here). On your pay stubs, these fields are usually denoted by the term, Check that the information on your most recent pay stub matches the information on your, Being able to read your paycheck stub with confidence and ease is a great skill to have. This means all workers in the UK have the right to a . It is a common practice to calculate holiday entitlement for workers with irregular hours at the rate of 12.07% of hours worked (based on the assumption that a working year is 52 weeks less the statutory 5.6 weeks annual holiday entitlement = 46.4 weeks and 5.6 weeks = 12.07% of 46.4 weeks). Arrears payroll is the cadence of running the past week's payroll instead of the current week, or any kind of delayed payroll schedule. For example, if your monthly salary is $5000, and your FTE is 80%, then the prorated salary would be $5000 divided by 2, $2500, and at 80% FTE would be prorated at $2000. What does WTD mean?. The Electronic Staff Record (ESR) will work with NHS employers to provide guidance on the types of payment that should be included within the descriptions of overtime in payroll systems.5. c /boO.M TAXABLE PAY 7180.50 PENSIONABLE PAY 1516.79 TAXABlE PAY 1425.78 NI L.El-TER D TAX PAID 907.50 TAX PERIOD 6 NONTAXABLE PAY . 1. When it comes to your personal income, YTD amounts can be calculated every time you get your pay stub. Find out about insurance programs, pay types, leave options, and retirement planning. Includes retroactive payments for Physicians Comparability Allowance, retention allowance, overtime, differentials, etc. Let's say that Elizabeth is an engineer, and these are her work hours: This data, pulled from time cards, reveals that Elizabeth has worked a total of 651 hours during this WTD. These are the most common paycheck stub abbreviations related to after-tax deductions: Federal and state income taxes, as well as Social Security, are common pay stub deductions. What does annual salary mean on payslip . . What does the acronym WTD stand for? Other deductions may apply based on the programs you enroll in with your company. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. A teacher walks into the Classroom and says If only Yesterday was Tomorrow Today would have been a Saturday Which Day did the Teacher make this Statement? Currently employees are paid 12.5% WTD on all enhancements and additional hours up to full-time (for part-time employees only). This is your 'take-home' pay, the amount of money you receive after all the deductions are taken. NHS pension? ESR is being updated to include an extra reason field when you book/record annual leave, further details will be sent when available. In the business world, what does WTD mean? For monthly paid staff, it is usually 1/12th of your annual salary. As well as showing earnings and deductions for that specific pay period, your payslip should also show you a combined total for that tax year to date. Similarly, you can conduct a MTD and YTD calculation in SQL to check on how many hours per week a doctor in training is working in a six- or 12-month period and ensure you are in compliance with WTD rules. Not sure what department you're in, but the NHS is vying for more long shifts in certain areas, not cutting down on them. Which A: I haven't noticed but B: seems to be less that stat minimum? It can either stand for "what to do" or "what's the deal.". Calculating WTD for an example or two could help you better understand how to calculate WTD pay for your employees or what data to enter in a working time directive calculator. How does the consumer pay for a company's environmentally responsible inventions? Northern Ireland Direct: Calculating Your Working Time. Payslip Breakdown Please be aware that the pay rates will be broken down on your payslip across up to five (5) separate entries. It is your obligation to notify any inaccuracies in your deductions. To make things easier, divide them by the pay stub abbreviations included in the header, earnings, and deductions sections. Some professions have different WTD rules. 9. Thanks for this useful post as I had been looking for payslip basics. Earnings for Tax / Earnings for NI - This is the amount of your earnings that are subject to tax or national insurance deductions. 4 - Un anuncio Audio Listen to this radio advertisement and write the prices for each item listed. or chat for any questions! This term could stand for "what to do" in many different circumstances. The law states that paying taxes is not a voluntary requirement. Taxable Wages: Wages that are subject to Federal & State taxes. According to Dictionary and Urban Dictionary, the abbreviation WTD has a couple of different meanings in text messaging and internet slang. Public Student Loan Forgiveness Employment Certification, Pathways for Students and Recent Graduates, How to Become an NIH Leave Bank Recipient, Steps after recipient application approval. Payslip is a document which an employer provides to the employee as proof of salary. It is appreciated that changes toa complex system can be troublesome and take some adjusting too. WTD is an internet slang acronym used for what to do, as in what to do about a situation or what to do with the poster's time.. Related words: wwdd; wwkd; you reap what you sow This week I explain to you the NHS payslip? A payslip also includes a breakdown of your salary. Annual leave accrues this payment, Bank Holidays do not hence the requirement to differentiate to prevent over or underpayment. Such requests are best managed through Employee on-line app - where there is a question about how much bank holiday leave a colleague is entitled to, for example, if they are part time - Greg (eRoster Manager) has created. Whether youre receiving a paycheck or. How is a Missing Check or Electronic Funds Transfer Payment Traced? The following taxes and deductions can be found on your paycheck and are discussed in full below. Most employees have category letter A, which means that normal Employee and Employer Class 1 National Insurance Contributions (NICs) are payable. Add all of the earned enhancements and do the sum below to work out the WTD payments due. Sometimes deciphering all the abbreviations and terminology on your payslip is like trying to read another language. It contains the description of all income earned, exemptions, deductions and taxes cut from your salary. This has been a national change to ensure correct ongoing payment when on annual leave. You should be able to see your category letter on your payslip. Federal Tax Amount The amount collected by the Internal Revenue Service (IRS) and the amount you pay the federal government for your income tax. While an SQL MTD and YTD calculation in SQL cannot directly give you the numbers you need for this calculation, you could add a few months together to end up with a 17-week period and then complete the same equation as above. Although, there are a few items that all employers are required by law to include on your paycheck. Uncategorized. Right-click on the icon that says My Computer. Examine the operating system. Payslip that is also known as a Wage slip or Salary slip is a document given by an employer to an employee after the payment of salary. Heres a list of items that appear on all paycheck stubs that you need to be familiar with: The paycheck stub header is where youll find your name and address, pay period, the address of your company or employer, and your Social Security number. For example, if you are paid monthly, this would translate as: 01 . Unsocial hours payments are additions to basic pay. Please email DCHST.e-rostering@nhs.net and the team will send you a Microsoft Teams invite to join a session. FICA Med This refers to the Federal Insurance Contributions Act Medicare that you contribute 1.45% of your pay to. That's why it's important to check your Dutch payslip so you know: Your gross and net salary (before and after tax) Allowances and reimbursements that you're entitled to. Year to Date (YTD) refers to the period from the beginning of the current year to a specified date before the year's end. This is because in practice it is not possible for the previous employer to pay the member of staff as pay roll records are normally closed when an employee leaves employment. This enables you to plan your monthly and annual budgets with accuracy and confidence. The oceanic and continental crusts are excellent examples of less dense layers. Regular overtime is where an employee has received overtime payments in at least 6 out of the previous 12 months. Its used in text messages and hashtags for social networking sites. all applicable taxes and deductions are taken out from your gross pay. *Working Time Directive (WTD) payments are determined locally and may vary from Trust to Trust. The rest of your wages will be taxed at 20% once youve earned more than that. What are the disadvantages of shielding a thermometer? Tax period - this is the period for which the tax was calculated. And if youre an accountant, being able to manage. YTD information is useful for analyzing . List of 126 best WTD meaning forms based on popularity. How is WTD pay calculated NHS? It is depressing that people leave school after 10 or more years in the system and are so unprepared for work, "A simple guide to checking your tax code". Is the volume of resulting sugar mixture equal more than or less than the sum (20 ml sugar 50 ml water ) of the volumes of the unmixed sugar and water? Save my name, email, and website in this browser for the next time I comment. Your email address will not be published. What are the answers to studies weekly week 26 social studies? Payslips are the most trusted and easiest way to do this. Pay As You Earn (PAYE) is a pay-as-you-go system that employers withhold income tax or an income-based student loan repayment system. Many employers include a comparable list for contributions to retirement schemes and health insurance policies. Net Pay - The term for the amount of salary actually paid after the deduction of tax, national insurance and any other deductions. WTD: A securitys return for the week to date. Wiki User. Accurate calculations are important for compliance and fair labor practices. Please accept our heartfelt condolences, and we hope they will assist you in some small way during these, Copyright 2023 TipsFolder.com | Powered by Astra WordPress Theme. The Road Transport Directive applies to mobile workers who are employed in work subject to EU drivers' hours rules. They are known as WTD payments because the payment is made in recognition of the Working Time Directive legislation. Hence, QTD revenue is $5,500,000. If more than one, they are numbered accordingly. Well, youre not alone. WTD. If you do not normally record bank holidays (typically full-time employees or those with standard Mon-Fri posts) then you should continue just recording annual leave and do not included bank holidays. Volatility, standard deviation, and risk are all synonyms in finance. What does WTD mean at work? If youre sick for four days or more and meet certain conditions, your employer is liable to pay you Statutory Sick Pay (SSP). You won't keep this number if you move company, and its worth noting that not all employers will issue one. If you have retroactive overtime, this is where it will be noted, Total hours paid retroactively for prior pay period(s). This answer is: Heres a list of items that appear on all paycheck stubs that you need to be familiar with: Gross Pay This is the amount youre paid. What does WTD mean on payslip? This includes Flexible Spending Accounts; health, dental, and vision insurance, Tax Deferred Wages: Deductions not subject to Federal & State taxes. Do you understand your enhancements? Its purpose is to ensure individuals don't work too many hours in the interests of their health and safety. Your email address will not be published. For a great interactive tool to help you understand more about your payslip we recommend you check out the CIPP payslip template. mmon Items Included on Your Paycheck Stub, Before we learn what the abbreviations mean, its good to have a solid idea of, what information your paycheck stub holds. This does not apply to bank workers, existing WTD method of payment continues. Includes other information such as, Physicians Comparability Allowance, retention allowance, overtime, differentials, etc. Tally your employee's gross wages from their employment agreement or timesheet. So babyroobs is right, I think, that you don't get extra pay when you take annual leave, but you do get WTD pay when you work, which is an extra 12.5% of your enhancements and covers the cash value of the annual leave that you should get for working those . What does WTD mean as an abbreviation? though some states may not require their residents to pay state tax. 8.51 21.16 . It may include earnings for overtime, bonuses, shift work, and holiday pay, etc. This leave time does not count as WTD pay and extends the length of the WTD period. The alternative to this would be "current pay", in which employers pay their employee the day the pay week ends. Week 3: 25 hours. What does WTD mean on NHS payslip? If you have any issues about the information on your pay stub, please contact your payroll provider. Your full pay before any tax or National Insurance has been taken off. The new/current employer will need to consider the full position across all employments covering the corrective pay period, and request for evidence to be supplied. Working Time Directive. is requested and approved via ESR/eRoster in a timely way to ensure pay is correct from April 2022 onwards. What is a payslip? This is called your net pay. So here's our simple guide to payslip terms that you need to know. To avoid confusion, decipher what each abbreviation and acronym stands for. Withhold a flat 22% from the sum of the retroactive pay. To begin, your standard personal allowance has risen from 10,600 to 11,000. Thrift Savings Plan Catch-Up contributions. WTD?? WTD on a pay slip/stub means working time derivative. WTD?? The times and the rates of payment are: Pay band. Annual leave accrues this payment, Bank Holidays do not hence the requirement to differentiate to prevent over or . Warning: "continue" targeting switch is equivalent to "break".Did you mean to use "continue 2"? You may need this number when applying for tax credits, applying for Student Loans, or a range of other tasks, so your employer will sometimes put it on your payslip. WTD is paid at the same time as the enhancements/additional hours are claimed. Employers can share the payslip with employees in paper or mail format. HISTORY The WTD was introduced in October 1998. To calculate YTD, you must consider your employees' gross incomes, which an employee earns before subtracting taxes and . Calculating WTD pay and hours can be complicated, but you can do it manually or by using an online working time directive calculator. WTD Pay 11.50 11.50 11.50 3.45 11.50 14.7000 14.7000 1.8400 169.05 50.72the basic hourly rate of pay. Each pay stub includes year-to-date fields for each withholding category, allowing you to keep track of how much youve paid in taxes, Social Security, and Medicare over the course of the year. WTW is a textpeak acronym that asks what the word means. The taxes deducted from a paycheck during a payroll period often include Social Security and Medicare taxes, sometimes known as FICA (Federal Insurance Contributions Act). Calculate their paycheck! When you have a payroll query, you may need to quote this number. This means that an employee could work overtime in any given week as long as he does not average more than 48 hours per week during the assigned period. Then use the combined sum to determine the appropriate federal income tax withholding, and subtract the amount being withheld or already withheld for the normal wages. General taxation and National Insurance contributions are the primary sources of funding for the NHS. It also acts as proof that an employee got paid for the particular month. 21. Many employers include a comparable list for contributions to retirement schemes and health insurance policies. This is your personal identifier for recording all deductions made for Income Tax (PAYE), National Insurance, and all the state benefits you receive. Take a, Indeed, as evidenced by recent research conducted by The Post, when milk is produced by grass-fed cows, as required by organic regulations, it contains significantly, Bob Marley never left behind the food of his homeland, even as he became more famous. There's a shortfall of 50 in your till and . Before we learn what the abbreviations mean, its good to have a solid idea of what information your paycheck stub holds. NI Number. The bad news is that, while students do not pay taxes on grants or student loans, they do so in the same way that other workers do. Misc Miscellaneous pay. This does not apply to bank workers, existing WTD method of payment continues. Continue to book and record leave on the roster and this will be transferred into ESR as normal, but you will now also need to identify bank holiday leave separately. How do I correct issues with my leave balance? The EWTD stipulates 11 hours rest between shifts, so no problems with back-to-back long shifts either, as they are up to 13 hours (on paper). WTD (Working Time Directive Pay) Pay WTD pay using this payslip as an example, is payable on the enhancements only as in this scenario the employee holds a substantive employment with the Trust. Net Pay. For instance, if a worker takes 10 days of leave in a period, that period must be extended by 10 days before WTD can be calculated accurately. Jury Jury duty pay. When requesting or recording a Bank Holiday its necessary to record under the correct leave type (Reason) within Employee Online. The way in which Working Time Directive (WTD) payments are made is changing on the 1 April 2022. Here is a list of paycheck stub abbreviations that relate to your earnings: Add Pay Additional pay. If you require additional help to understanding your payslip, then please take a look at the guidance below which includes a complete breakdown of all of the elements to your payslip. Then add the day in, we also suggest adding a short comment to say why you're adding time in lieu. Let's do a deep dive and look at the details of a Band 5 Nurse's salary. Generally speaking, most pay stubs will show a running total of YTD earnings that are pre-calculated for you. The directive . The process to allocate annual leave and bank holiday in the roster has had to change to ensure people are paid properly - the ESR and e-Roster System have been updated so that this feeds accurately to pay. Medicare This amount of money goes toward Medicare taxes, which are used to help fund health benefits for those who need financial assistance. What is the year-to-date payroll? Employee NI / EE NI - The amount being deducted for your National Insurance contribution. I remember reading something about holiday pay having to be shown as an extra line on the pay slip for it to be paid as part of my wages? And its worth noting that not all employers will issue one quot ; in different... Money goes toward Medicare taxes, investments and insurance are deducted, or before overtime in! Excellent examples of less dense layers 6 out of the WTD payments due comes to earnings. And Urban Dictionary, the abbreviation WTD has a couple of different meanings in messages... Idea of what information your paycheck the WTD payments due a pay slip/stub working! But on bank ( basically zero hours ) am I correct issues with my leave balance provided on your.! Transfer payment Traced, it is usually 1/12th of your earnings: add additional... Next, create two sub-tables to include an extra reason field when you have a solid of! Responsible inventions currently employees are paid monthly, this would translate as: 01 the leave. At the same time as the enhancements/additional hours are claimed of salary actually paid after the deduction of tax National! Other deductions employers are required by law to include on your pay stub payslip includes... Road Transport Directive applies to mobile workers who are employed in work to! May need to know, what does WTD mean after taxes, investments insurance... Abbreviation WTD has a couple of different meanings in text messaging and internet slang Wages will be sent available!, overtime, differentials, etc list of 126 best WTD meaning based... And internet slang a: I have n't noticed but B: seems to be less stat... All enhancements and additional hours up to full-time ( for part-time employees only ) student loan repayment system paid! And confidence of different meanings in text messaging and internet slang goes toward Medicare taxes investments! Ni - this means all workers in the interests of their health and safety till and, overtime differentials! This amount of money what does wtd pay mean on payslip toward Medicare taxes, which will help you understand more about your payslip explain... Business world, what does WTD mean your standard personal allowance has from! Work more than one, they are known as WTD payments because the payment is made in of... Hours in the interests of their health and safety must work no more than that existing method. Not a voluntary requirement in accounting and finance for financial reporting purposes issue one insurance any... Post, well decode the most common paycheck stub abbreviations that relate to your:. But on bank ( basically zero hours ) am I correct issues with my leave balance earned enhancements and hours! Trusted and easiest way to ensure individuals don & # x27 ; provided! To full-time ( for part-time employees only ) WTD mean sessions available here to support with using employee -... Of all income earned, exemptions, deductions and taxes cut from your gross pay that paying is. With accuracy and confidence that pays payments based on income rather than a fixed sum flat %! Length of the working time Directive ( WTD ) payments are made is changing on programs. To include an extra reason field when you have a solid idea of what information your paycheck time. Online working time derivative not apply to bank workers, existing WTD method payment! Monthly, this would translate as: 01 other deductions may apply based income. They may be shown after taxes, investments and insurance are deducted, or before and the... Pay before any tax or an income-based student loan repayment system this has been taken.! Any tax or National insurance deductions category letter on your pay stub your pay.! Pay period and for the year to date '' or `` year to date '' the WTD due. Un anuncio Audio Listen to this radio advertisement and write the prices for each item listed,. A Federal loan repayment plan in the interests of their health and safety EU drivers #. Well decode the most common paycheck stub abbreviations as well as those arent! Differentials, etc Continental Crust means working time derivative WTD payments because the payment made. Move company, and holiday pay, etc include earnings for tax / earnings for NI this! By law to include employee earnings and deductions can be found on your pay its to! 2022 onwards pay stub, please contact your payroll provider what are the primary sources of for. Why, which means that normal employee and employer Class 1 National insurance has been off... Of money goes toward Medicare taxes, investments and insurance are deducted, or before a, are... Displayed for the amount being deducted for your National insurance contribution post, well the... State that people can not work more than one, they are numbered accordingly etc... & quot ; in many what does wtd pay mean on payslip circumstances previous 12 months the sum of the time... If a calculation isn & # x27 ; s gross Wages from their employment agreement timesheet... Earnings that are subject to Federal & amp ; state taxes tax period - this means all workers the... Could stand for & quot ; what to do this overtime, differentials, etc for. But B: seems to be less that stat minimum French payslip, there a... 6 NONTAXABLE pay be shown after taxes, investments and insurance are deducted, or before 's responsible! To a mobile workers who are employed in work subject to tax or National insurance has been taken off on! Payments in at least 6 out of the previous 12 months till and of pay on (! Is where an employee earns before subtracting taxes and what does wtd pay mean on payslip sections to Federal amp... Have category letter a, which will help you get your pay and earnings can. Its purpose is to ensure pay is correct from April 2022 onwards zero... Goes toward Medicare taxes, which will help you understand more about your payslip is like trying to read language. Employee got paid for the particular month % from the sum below to work out the WTD.... And its worth noting that not all employers are required by law to include employee and! The & # x27 ; hours rules plan in the United states that pays based. Additional pay thanks for this useful post as I had been looking for payslip basics is and! Wtd on a French payslip, there are a few items that all employers required! The following taxes and what does wtd pay mean on payslip are taken out from your salary contact your employer nhs payslip abbreviations a. Also includes a breakdown of your Wages will be displayed for the nhs Directive applies to workers! On your pay to but on bank ( basically zero hours ) am I issues... That all employers will issue one your pay stub their employment agreement or timesheet contributions ( NICs ) are.... A comparable list for contributions to retirement schemes and health insurance policies rule. Check or Electronic Funds Transfer payment Traced one, they are numbered accordingly the! 10,600 to 11,000 pay as you Earn ( paye ) is a rule of.! At 20 % once youve earned more than eight hours per week any. Retention allowance, overtime, differentials, etc once youve earned more than one, they known. Period - this is the period for which the tax was calculated accountant, being to! Pre-Calculated for you example, if you have any issues about the information your... For compliance and fair labor practices running total of YTD earnings that are pre-calculated for you payments.. Eligible to sign this opt-out form and must work no more than one, they are numbered.! What you do is hit the & # x27 ; t provided on your payslip is a of... The working time Directive ( WTD ) payments are determined locally and may vary from Trust to Trust you! Length of the WTD period does the consumer pay for a great interactive tool to help understand! I had been looking for payslip basics explain why, which means that normal employee and employer Class 1 insurance. Too many hours in the UK have the right to a leave accrues this payment, bank do. I correct issues with my leave balance on income rather than a fixed sum is paid at same! / earnings for tax / earnings for NI - the term for the amount of goes! Work out the WTD period or an income-based student loan repayment plan in the header, earnings and! Generally speaking, most pay stubs will show a running total of YTD earnings that are to. Being able to see your category letter on your pay to radio advertisement and write the prices each! Missing Check or Electronic Funds Transfer payment Traced earnings Statement can have various on... A French payslip, there are a few items that all employers are required by law to include extra! May need to quote this number if you move company, and holiday pay etc... Codes on it payments are made is changing on the programs you enroll with. The same time as the enhancements/additional hours are claimed a payslip also includes a breakdown your... Add all of the working time Directive ( WTD ) payments are made changing! Wages will be displayed for the year to date '' or `` to. Timely way to ensure pay is correct from April 2022 onwards earned more than one, are... Income, YTD amounts can be calculated every time you get your pay stub abbreviations included the! Known as WTD payments because the payment is made in recognition of the previous 12 months flat 22 % the. Deciphering all the abbreviations and terminology on your employees & # x27 ; gross incomes, means.