Money Box Live: Making Sense of Your Pay
Money Box
BBC
4.2 • 825 Ratings
🗓️ 31 December 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
How much do we really understand about our pay?
From frozen tax thresholds to salary sacrifice and minimum wage increases, a number of changes made in the Chancellor's budget might have left you looking a bit more closely at your payslip.
So, what do all those figures mean, what is your employer legally obliged to provide and what can you do if you think your pay is wrong?
Joining Felicity Hannah to answer your questions and comments this week is Dr Hilary Ingham, Professor of Economics at Lancaster University, Funmi Olufunwa, a Personal Finance Expert and financial educator and Kevin Rowan, Director of Dispute Resolution from ACAS the Advisory, Conciliation and Arbitration Service.
Presenter: Felicity Hannah Producers: Helen Ledwick and Sarah Rogers Editor: Jess Quayle Senior News Editor: Sara Wadeson
(This episode was first broadcast at 3pm on Wednesday 3rd December 2025).
Transcript
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| 0:00.0 | BBC Sounds |
| 0:02.2 | Music Radio Podcasts |
| 0:04.6 | I like when a manager wears a suit and tides, you know what I mean? |
| 0:09.7 | In 2025, we were here for the football. |
| 0:13.0 | The Wayne Rooney Show |
| 0:14.0 | As a manager, you're making decisions on what you're seeing on the pitch. |
| 0:16.9 | Sometimes it doesn't always pay off. |
| 0:18.3 | Football daily. |
| 0:19.4 | Loyalty in football. Does it still exist? |
| 0:22.0 | There is no loyalty in football. Antuny and Russo. Do you feel like the pressure actually helps you play the best football? |
| 0:28.4 | We've prepared ourselves to step out onto the pitch at the end of the day. Get the best of 2025 with podcasts on BBC Sounds. |
| 0:36.8 | Hello, we're on the countdown to Christmas this month, but plenty of people spend every month counting down to payday. |
| 0:43.5 | But other than the bottom line, how much do we really understand about our pay? |
| 0:47.8 | Today on this Moneybox Live podcast will be making sense of your pay slip, something you might be looking at a bit more closely since |
| 0:54.5 | the Chancellor's budget last week. From frozen tax thresholds to salary sacrifice and minimum wage |
| 0:59.9 | increases, there was a lot for workers to unpack in Rachel Reeves's briefcase. And if you're |
| 1:05.9 | not sure how all that affects what you'll take home in your pay packet, you're very much not alone. MoneyBucks Live producer Sarah Rogers has been asking people in Manchester how much they know about their pay. I don't monitor it at all. I don't think I've ever looked at a pay sleep in my life pretty much. I quite enjoy it because I like to know what's going on and I like go through and look at how much of everything. |
| 1:29.3 | Do you know what your tax code is? |
| 1:30.3 | Yeah. |
| 1:31.3 | It's one two five seven L. There you go. |
| 1:33.3 | I've never seen my pay slip. So you're very trusting. |
| 1:37.3 | Yeah. |
... |
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