Small Business Accounting

What is a PAYE scheme?

By

Chris Andreou

What is a PAYE scheme? guide

Contents

PAYE-or Pay As You Earn-is a system of income tax withholding by employers.

Tax and National Insurance contributions from your wages or occupational pension and sent to HMRC, before your employer pays you your wage or pension. Student loan repayments may also be deducted in this manner.

<p>PAYE-or Pay As You Earn-is a system of income tax withholding by employers.<br></p><p>Tax and National Insurance contributions from your wages or occupational pension and sent to HMRC, before your employer pays you your wage or pension. Student loan repayments may also be deducted in this manner.</p>

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