Resolved Question
What does statutory deductions and voluntary deductions mean?
please write a precise definition of each of the following terms and then explain them in simple english please! thx lov uuuuuuuuuuu xoxo
Best Answer - Chosen by Asker
"statutory" means enforced by law = eg. Tax, National Insurance, any charge attached to you wages by a Court of Law.
"voluntary" means your choice = eg voluntary pension contributions
"voluntary" means your choice = eg voluntary pension contributions
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Other Answers (1)
- If you are talking about a payslip, statutory deductions are Income Tax and National Insurance.You have no choice but to pay these. Voluntary deductions, could be anything you choose to have deducted; such as additional pension contributions, Union fees, charity donations, etc.
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