1.3 C
Cheshire
Monday, March 3, 2025

Part Of Your Payroll That Says What You Contribute To Social Security

The arrival of the payroll is the best time of the month for workers, who see in this document the salary paid by the company and, in addition, the contributions they make to Social Security and taxes.

At times, workers can get lost in the amount of information that payroll offers. How much do you pay for contributions? And how much in income tax? And in which part of the payroll can it be consulted? The truth is that the model of these documents is regulated in a specific regulation.

It is the order ESS / 2098/2014, of November 6, which establishes a “new model of individual receipt justifying payment of salary”. In the text published in the Official State Gazette (BOE) there is a template that serves as a guide for the worker so that he can check in his own payroll how much he contributes to Social Security.

As can be seen in the following template, after the sections in which the worker data, the company data, the settlement period and the set of salary and non-salary perceptions appear, we arrive at the deductions section . This is where you have to consult, in the section ‘ Employee contributions to Social Security contributions ‘.

As can be seen in the image, there are four specific points. If we start from the example of a payroll of a full-time permanent contract, and according to the Social Security information for 2021 , the worker will pay 4.70% of their base salary as common contingencies, a 1, 55% unemployment and 0.10% for vocational training.

Below, in the part of company contributions to Social Security, these amounts are collected, which are 23.60% for common contingencies, 5.50% for unemployment, 0.60% for professional training and 0.20% to FOGASA (Salary Guarantee Fund).

Returning to the worker’s obligations, we will have to return to the deductions part to see what amount is paid to the Tax Agency as personal income tax (Personal Income Tax) . In this section, the percentage that has been reached in agreement with the company and the amount it represents must be recorded.

spot_imgspot_img

Latest

Man who sexually assaulted a mum in a Warrington park jailed

A man who sexually assaulted a woman in Warrington...

Expansion of Manor House Hotel and Spa announced

The award-winning Manor House Hotel and Spa based in Alsager...

Views invited from Runcorn on Viridor’s carbon capture plans

Runcorn residents are being invited to have their say...

Top Ways Homeowners Can Boost Property Value

For millions of homeowners and real estate investors, as...
spot_imgspot_img

Newsletter

Don't miss

Expansion of Manor House Hotel and Spa announced

The award-winning Manor House Hotel and Spa based in Alsager...

Brothers jailed following stabbing in Winsford

Two brothers have been jailed following the stabbing of...

ProDataStack expands martech capabilities with Data Talks partnership

ProDataStack has taken a significant step in its strategic...

Views invited from Runcorn on Viridor’s carbon capture plans

Runcorn residents are being invited to have their say...

More News

Cheshire Police’s sexual consent campaign to air on BBC

A documentary featuring Cheshire Police’s sexual consent campaign will air on BBC One and BBC Three this week. This comes following the publication of the...

SPS Pouches Advances Sustainable Packaging as UK Transitions to a Waste-Free Economy

As the packaging sector moves towards greater sustainability, SPS Pouches proudly announces that it has achieved its goal of providing customers with flexible packaging...

Family pay tribute to Warrington woman shot dead in America

The mother and boyfriend of a 23-year-old woman from Warrington who was shot dead in America have paid tribute to her. Lucy Harrison (pictured) from...