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Understand Your Pay

Page Contents

Use this page to help you understand your pay.


Paydays

1 until you next get paid!


on .

See all 2022 paydays...
  • 13th January
  • 10th February
  • 10th March
  • 7th April
  • 5th May
  • 1st June
  • 30th June
  • 28th July
  • 25th August
  • 22nd September
  • 20th October
  • 17th November
  • 15th December

How the calculator works

First of all you need to understand how overtime and breaks work.


Concerning overtime

Any hours you work beyond your contract hours in a single week are considered overtime. Overtime will be paid to you in two halves. Overtime worked within the first two weeks of the pay period is paid that payday and any overtime worked within the last two weeks of the pay period is paid on the next payday.


Concerning breaks

If you work a shift longer than 7 hours 30 minutes, you are entitled to a 30-minute unpaid break. For example, if you work a shift of 8 hours, you will be paid for 7 hours 30 minutes.


The calculator takes both these factors into consideration when estimating your pay for the period. Holiday hours worked and owed overtime from the last pay period are included in the final estimate if applicable.

How to see your payslip

You'll be able to see your next payslip on the Wednesday before payday. You can also view and download previous payslips back to October 2017 on MyHR. Sign in to view your payslip.


Payslips older than October 2017

To see older payslips follow these steps:

  • Sign in to MyHR.
  • Select "Personal Information".
  • Select "My Documents" on the left-hand side.
  • Select "Payslip Archive" from the "Document Type" drop-down menu.
  • Finally, select the date range you want the payslip for.

If you no longer work for the Co-op

Your last payslip will be sent to you. You won't be able to use MyHR to view previous payslips. If you need a copy of any of your payslips, call HR services on 0330 606 1001.

Payments

This section of your payslip shows how much you've been paid during the pay period. This includes any holiday hours or sick pay, that are itemised on your payslip.


Hourly Rate Your basic hourly rate for the hours you're contracted to work.
Annual Salary Payment for the hours you're contracted to work.
TS Overtime Plain Time Overtime hours you've worked at your basic hourly rate.
TS Overtime Night Shift Overtime hours you've worked at time and a third rate.
TS Overtime Time and a Half Overtime hours you've worked at basic plus half your normal hourly rate.
TS Overtime Double Time Overtime hours at double your normal hourly rate.
SSP Sick pay paid at the statutory sick pay rate, which is set by the government.
Sickness Payment Sick pay paid at your normal hourly rate by Co-op - check your contract for details of what you're entitled to.
Offsets and Deductions Whilst you're in full company sick pay, you will notice that in addition to SSP you will see an offset, this is so you don't receive more than your normal take home pay whilst absent from work. Likewise, for a sickness Deduction. Whilst you're in receipt of full pay, you will see a contra sickness deduction element on your payslip.
Holiday Payment Payment for holiday hours taken in the current pay period. Pay rate is calculated based on an average of your previous 13 pay periods.
Holiday Deduction As you receive hourly pay/annual pay whilst on holiday, you'll see this deduction to prevent a duplication in pay. Please note this deduction is taken at your contractual hourly rate. This means the difference between your holiday pay and deduction, is additional pay to ensure your paid in line with your average earnings.
Total Earnings Everything you've been paid in this pay period before any deductions.
Net Pay The amount paid into your bank account after any deductions.

Deductions

This section of your payslip will show any deductions that have been taken out of your pay. It includes things like National Insurance, tax and student loan payments.


NI Employee How much National Insurance you have paid.
Student or Postgraduate Loan Repayment of the loan.
For each of these deductions, should you feel these are incorrect you will need to contact HMRC directly or call 0300 200 3300, quoting reference 961/8200772.
Pace X% Salary Sacrifice How much you've paid into your Co-op pension. X Represents your contribution amount. More information around your pension can be found at PACE Pensions.
TS Punctuality Deductions for clocking in late or clocking out early.
Temp Adjust Net Recovery for an out of cycle payment, following a correction to your pay.