What are payslips?
A payslip is a document that’s given to an employee with each pay. It shows their total wages earned for a set period. This might be from a salary, hourly wages or commission.
Payslips also list tax withheld and personal deductions made. This includes insurance and superannuation contributions. Payslips are also known as ‘pay stubs’, ‘paycheck stubs’, or ‘pay advice’.
Traditionally the payslip was a paper document attached to a physical cheque. Today, most employers prefer to use electronic payslips.