British Army Pay Statement Explained
We get it every month and most of us only care about one number on there. But there is a lot more to the British Army pay statement than just how much net income we will be getting. In this video I set out to explain the British Army pay statement and what each little part means. I use my own pay statement as a Corporal in the British Army to help illustrate what I am talking about.
Whilst it can be a dry subject, understanding your pay, the taxes you pay, your deductions and much more will set you up better for life and help you notice mistakes quicker which can then get rectified faster. You might even notice items in your deductions that you can get rid off and stop paying.
Links:
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Timecodes:
0:00 Intro
0:31 Breakdown of pay statement
7:50 Final Thoughts
8:35 Outro
Sources:
www.gov.uk/national-insurance...
www.gov.uk/national-insurance...
www.liquidfriday.co.uk/unders...
keyportfolio.co.com/faq/what-...
www.moneysavingexpert.com/rec...
assets.publishing.service.gov...
en.wikipedia.org/wiki/Ranks_a...
en.wikipedia.org/wiki/Ranks_a...
DISCLAIMER:
I am not a professional financial advisor and this video is not financial advice. Please do your own research before making any decisions with your money and seek professional financial advice if need be.
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