How to Read Your Pharmacy SOS Payslip

At Pharmacy SOS, we understand that keeping track of your earnings is important. That’s why we provide fortnightly payslips to ensure transparency in your payments. If you’re a locum pharmacist working with us, this guide will help you understand the key elements of your payslip.

  1. Pay Slip For: This is where your name will be displayed. Make sure to double-check that the payslip belongs to you, as sometimes mix-ups can occur. If you receive someone else’s payslip, notify us immediately.
  2. Classification: Your classification is typically listed as “locum” on our payslips. This is because our payslips are designed primarily for locum pharmacists, ensuring compliance with Australian rules and regulations, including those of the Australian Taxation Office (ATO), to avoid issues like sham contracting.
  3. Annual Salary: In most cases, the “Annual Salary” will be listed as $0.00. This is because locum pharmacists do not have a fixed annual salary; instead, pay rates are negotiated individually for each shift.
  4. Hourly Rate: The hourly rate is usually set to zero on our payslips. This is because pay rates for locum pharmacists can vary from one shift to another, and we negotiate rates separately for each assignment.
  5. Pay Period From and To: These dates represent the period covered by the payslip. The “from” date might be from a few weeks ago to ensure that all payments for the specified period are included, even if they were submitted after our usual cutoff times.
  6. Cheque No: The “Cheque No” is an identification number for the payslip. It helps us keep track of each payment.
  7. Payment Date: This is the date when the payment is scheduled to be processed. Keep in mind that it may take an additional day or two for the funds to appear in your bank account, especially if it’s your first payment from us.
  8. Gross Pay: “Gross Pay” is the total amount of wages you earned for the specified pay period before any deductions, including taxes.
  9. Superannuation Fund: This section specifies the superannuation fund we have on record for you. At the time of writing, we process superannuation payments on a monthly basis.
  10. Net Pay: “Net Pay” is the amount you can expect to receive in your bank account. It is your gross pay minus any deductions, such as PAYG (Pay As You Go) taxes.

Your payslip will also include a detailed table outlining the payment details. Here’s what each column in the table represents:

Description: This column provides a description of the payment, including the different pay rates you earned, the hours worked for each rate, the calculated rate, and the total rate (calculated rate multiplied by hours worked).

YTD (Year-to-Date): YTD stands for “Year-to-Date” and represents the total amount paid in the current financial year. It helps you keep track of your earnings and is essential for balancing your accounts at the end of the financial year.

Type: This column specifies the type of payment, such as wages, tax, or superannuation expense.

Regarding PAYG (Pay As You Go) taxes: PAYG deductions are not optional but are a legal requirement. The Australian Taxation Office (ATO) determines the deduction schedule, not Pharmacy SOS. Deductions are made based on the declaration you provided when you registered with us. The YTD figure reflects the total amount deducted in the current financial year.

For more detailed information and answers to common questions about locum pharmacist payment and labor hire laws, you can refer to our blog post titled “Clearing The Air: Answers To Common Questions On Locum Pharmacist Payment And Labor Hire Laws.”

We hope this guide helps you understand your payslip better. If you have any further questions or need assistance, please don’t hesitate to reach out to us. Your success and satisfaction as a locum pharmacist are important to us at Pharmacy SOS.

(Last Updated on March 23, 2024)