Pay as you go

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Pay as you go or PAYG may refer to:

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A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns. PAYE may include withholding the employee portion of insurance contributions or similar social benefit taxes. In most countries, they are determined by employers but subject to government review. PAYE is deducted from each paycheck by the employer and must be remitted promptly to the government. Most countries refer to income tax withholding by other terms, including pay-as-you-go tax.

<span class="mw-page-title-main">Payroll tax</span> Tax imposed on employers or employees

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or entirely on workers in the form of lower wages. Because payroll taxes fall exclusively on wages and not on returns to financial or physical investments, payroll taxes may contribute to underinvestment in human capital, such as higher education.

<span class="mw-page-title-main">Oyster card</span> Payment method for public transport in London

The Oyster card is a payment method for public transport in London in England, United Kingdom. A standard Oyster card is a blue credit-card-sized stored-value contactless smart card. It is promoted by Transport for London (TfL) and can be used on travel modes across London including London Buses, London Underground, the Docklands Light Railway (DLR), London Overground, Tramlink, some river boat services, and most National Rail services within the London fare zones. Since its introduction in June 2003, more than 86 million cards have been used.

<span class="mw-page-title-main">Stansted Express</span> Direct train service linking London Liverpool Street to London Stansted Airport

The Stansted Express is a direct train service linking London Liverpool Street to London Stansted Airport. It is a sub-brand of Greater Anglia, the current franchise operator of the East Anglia franchise.

A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity—an individual, company, superannuation fund, partnership, or trust. Not all individuals have a TFN, and a business has both a TFN and an Australian Business Number (ABN). If a business earns income as part of carrying on its business, it may quote its ABN instead of its TFN.

<span class="mw-page-title-main">Prepaid mobile phone</span> "Pay-as-you-go" mobile phone service

A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed. If there is no credit, then access is denied by the cellular network or Intelligent Network. Users can top up their credit at any time using a variety of payment mechanisms.

<span class="mw-page-title-main">The Phone Co-op</span> UK based co-operative telecoms supplier

The Phone Co-op was an independent consumer co-operative in the United Kingdom. It provided landline, mobile telephone and Internet services, including web hosting and broadband. In April 2018, the Phone Co-op board agreed for its operations to be transferred to the Midcounties Co-operative, with the Phone Co-op legal entity ceasing to exist. The brand continued to be operated until 1 June 2018, when it was rebranded to Your Co-op following the completion of the transfer.

<span class="mw-page-title-main">Castle Bar Park railway station</span> National Rail station in London, England

Castle Bar Park railway station is in the London Borough of Ealing in west London, England and is in Travelcard Zone 4. It is on the Greenford branch line, 78 chains (1.6 km) down the line from West Ealing and 7 miles 44 chains (12.2 km) measured from London Paddington.

Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income. Many jurisdictions also require withholding taxes on payments of interest or dividends. In most jurisdictions, there are additional tax withholding obligations if the recipient of the income is resident in a different jurisdiction, and in those circumstances withholding tax sometimes applies to royalties, rent or even the sale of real estate. Governments use tax withholding as a means to combat tax evasion, and sometimes impose additional tax withholding requirements if the recipient has been delinquent in filing tax returns, or in industries where tax evasion is perceived to be common.

<span class="mw-page-title-main">Tyne and Wear Passenger Transport Executive</span>

Tyne and Wear PTE, branded as Nexus, is an executive body of the North East Joint Transport Committee and is best known for owning and operating the Tyne and Wear Metro. It replaced the Tyneside PTE on 1 April 1974.

Income tax in Australia is imposed by the federal government on the taxable income of individuals and corporations. State governments have not imposed income taxes since World War II. On individuals, income tax is levied at progressive rates, and at one of two rates for corporations. The income of partnerships and trusts is not taxed directly, but is taxed on its distribution to the partners or beneficiaries. Income tax is the most important source of revenue for government within the Australian taxation system. Income tax is collected on behalf of the federal government by the Australian Taxation Office.

<span class="mw-page-title-main">Fringe benefits tax (Australia)</span> Australian tax system

The fringe benefits tax (FBT) is a tax applied within the Australian tax system by the Australian Taxation Office. The tax is levied on most non-cash benefits that an employer provides "in respect of employment." The tax is levied on the employer, not the employee, and will be levied irrespective of whether the benefit is provided directly to the employee or to an associate of the employee.

Paye or PAYE may refer to:

<span class="mw-page-title-main">Defined benefit pension plan</span> Type of pension plan

Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental and public entities, as well as a large number of corporations, provide defined benefit plans, sometimes as a means of compensating workers in lieu of increased pay.

Talkmobile is a mobile virtual network operator (MVNO) operating in the United Kingdom on the Vodafone network. As a brand of Vodafone, the business is based in Newbury, Berkshire.

The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 In early 1991, Kenneth Johnson of Queens, New York along with Mark Feldman, Pedro Diaz and Kevin Lambright of Alicomm Mobile, was the first to successfully create a prepaid cellular phone and Network. His company expanded to a Sales force from Maine to Florida. Two years later others would come out with similar systems.

A social pension is a stream of payments from state to an individual that starts when someone retires and continues in payment until death. It is a part of a pension system of most developed countries, specifically the so-called zero or first pillar of the pension system, which is a part of state social security system. The social pension is different from other types of pension since its eligibility criteria do not require former contributions of an individual, but citizenship or residency and age or other criteria set by government.

<span class="mw-page-title-main">Delight Mobile</span>

Delight Mobile was a mobile virtual network operator service based in the United Kingdom. It was launched in July 2011 as a sister network to Vectone Mobile by Mundio Mobile. It was powered by the EE network.

<span class="mw-page-title-main">SMARTY</span> UK communications brand

SMARTY is a mobile telephone flanker brand operated by Hutchison 3G UK Limited using its Three UK branded mobile network. It aims to attract customers primarily looking for cheaper deals than those available direct from Three, by offering a monthly rolling SIM-only service, limited to online-only support. On some plans the operator offers to buy back unused data by means of a bill discount, a practice which is not widespread in the UK but is exhibited elsewhere such as by US carrier Ting.

A pay-as-you-go pension plan is a retirement scheme, where a contributor can choose either a regular contribution deducted from each paycheck or make a lump sum contribution to a retirement fund.