Net pay¶

Definition. Net pay is the amount an employee actually takes home after all deductions have been taken from their gross pay, also called take-home pay.

In plain English¶

Net pay is the money that actually reaches the bank account. Start with gross pay, take off tax and any other deductions, and what is left is net pay. It is the "what I really get" number at the bottom of a payslip.

Related lessons¶

• Gross pay and net pay

General information only — not tax, super or financial advice.