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What is Net Pay?

'Net Pay' is the amount of money that you receive each week or month, after all deductions and exemptions are made. Deductions may include Employee Benefits deductions, such as Tax on uniforms, Government deductions, such as NIS, NHT, Education Tax and Income Tax. Exemptions will include the Income Threshold and may also include specific things like a 'pension exemption', business expense or meal allowance. Net Pay is also sometimes referred to as 'Take Home Pay'.

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