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Isle of Man - Sample Payslip
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Written by Steve Gardiner
Updated over a week ago



1. Worker details


2. Payroll details


3. Pay table breakdown


4. Deductions table breakdown

Original detail

Translation

Other notes

Tax

Income tax withholding

Tax rates are progressive, with different bands based on income levels.

The rates for the tax year 2024 are as follows:

Up to £14,000: 10%

Next £6,000: 20%

Next £20,000: 21%

Above £40,000: 20%

NI

Social security withholding

National insurance rates vary based on income levels.

The current rates are progressive, with higher percentages for higher incomes.


5. Year to date breakdown


6. Net pay due to worker

NET PAY

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