Payroll
Bonus
Additional pay for performance or at a set time, taxable as income.
A bonus is extra pay awarded for performance, on a holiday or at year-end. Bonuses are part of taxable income and are subject to PAYE in the period they are paid.
Related terms
Help & how-to
See it in practice
The payroll run lifecycle, explained
Run, review, approve and lock, pay, remit, then roll over. The same flow every month.
Read the variance report
Compare this run to last period and catch a silently-wrong payroll before you approve.
Set up salary structures & pay elements
Define what people earn once, assign it in bulk, and override per employee where needed.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.