Getting your first proper paycheque should feel exciting — but for a lot of people, it’s a let-down. You work hard, see the headline salary, and then the money that actually lands in your account is… less. No one really explains why that happens, so it can feel confusing or even a bit unfair.
In this episode of Bank of Dad, Kate asks the questions most people have the moment they get paid, and Pete explains what’s going on behind the scenes. We talk through where your money goes, what those deductions are for, and how to feel more in control of your pay from the very start.
In this episode, we talk about:
- Why your take-home pay is lower than your salary
- What tax and National Insurance actually pay for
- Common surprises on your first payslip
- Simple ways to plan your money once you’re paid
