Pay As You Earn

Pay As You Earn (PAYE) definition

/peɪ/ /az,əz/ /juː/ /əːn/

What does Pay As You Earn mean?

A pay as you earn system under which employers or pension providers make certain deductions from an employee’s or pensioner’s income including for liability to income tax and National Insurance contributions.

Pay As You Earn explained

Apprenticeship levy payments are also made through the PAYE system.

Variances

PAYE
The Pay As You Earn System

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