Panda Flex
How to Read Your Payslip

The first thing you will want to check each month is whether you are being paid for the correct number of hours at the correct rate. This information appears on the third table of your payslip, in the line that shows your client assignment details.

Where to find it?

Look for the line that appears directly underneath your client company name and job title. It will look like this:

 

How to read this line

On your payslip (Dutch)	What it means (English)
Loon normale uren	Pay for normal hours — this is your standard hourly pay line
Hours	The number of hours you worked in this period (e.g. 152 hours and 00 minutes)
Hourly rate	Your hourly rate in euros
Gross pay	Your total gross pay for these hours

How to verify

Multiply the hours shown by the hourly rate. For example: This should match the amount shown on your payslip. If you worked different types of hours (overtime, weekend, etc.), each will appear as a separate line.

Important: Always check that the number of hours on your payslip matches the hours you actually worked and submitted. If there is a discrepancy, raise it with Panda by sending an email to flex@panda-int.com.

 

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The top-left of your payslip shows your personal details and contract information. Below is every field that appears in this area, exactly as shown on the payslip, with its translation:

On your payslip (Dutch)	What it means (English)
Flexwerker	Flex worker — your employment type through the agency
Personeelsnummer: 7XXXXXX	Staff number — your unique employee ID at Panda Flex (7-digit number)
Tijdvak: Maand (Year)	Period: the calendar month this payslip covers
Geboortedatum: DD-MM-YYYY	Date of birth
Cao: NBBU Fase 1-2	Collective agreement: NBBU Phase 1-2 — the Dutch temporary staffing CLA that governs your employment terms. NBBU is the trade association for temporary employment agencies.
Dossiernummer:	File number — internal reference for your placement (may be blank)
Periode:	Period: the exact start and end dates you were paid for. "t/m" is short for "tot en met" (up to and including).
Tabel: Maand	Table: Month — your tax is calculated on a monthly basis
Onbepaalde tijd: Nee	Indefinite contract: No — you are on a fixed-term/temporary contract
Burgerlijke staat: Onbekend	Marital status: Unknown — not relevant for payroll purposes
Minimumuurloon: € 14,71	Minimum hourly wage — the current legal Dutch minimum wage per hour. Your actual rate will be higher than this.
Loonheffing: Ja met korting	Wage tax: Yes with discount — payroll tax is being deducted AND the general tax credit (loonheffingskorting) is being applied, which reduces the tax you pay. If you have a second employer, this should be set to "Nee" (No) for that employer.
Schriftelijk / Oproep: Ja / Nee	Written contract / On-call: Yes / No — confirms you have a written contract and you are NOT on an on-call arrangement
Datum in dienst:	Employment start date: the date your current contract began
Fiscaal woonland: Nederland	Tax country of residence: Netherlands — confirms Dutch tax rules apply to you
Contracturen: 173:00 uur per maand	Contracted hours: 173 hours per month — your agreed monthly working hours

Tip: Check that your Personeelsnummer (staff number), Datum in dienst (start date), and Contracturen (contracted hours) match what was agreed in your contract. If anything looks wrong, contact Panda immediately.

 

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On the right-hand side of the header, under the heading Loonspecificatie (Payslip), you will find the Panda Flex company details and payslip reference numbers:

On your payslip (Dutch)	What it means (English)
Loonspecificatie	Payslip — the title of the document
Werkgever	Employer — Panda Flex B.V., Sarphatistraat 33, 1018 EV Amsterdam
Mededeling	Communication — a message area from the employer, usually blank
Loonheffingennummer: 8607.66.585	Wage tax number — Panda Flex's tax registration with the Dutch tax authorities (Belastingdienst)
Nummer loonspecificatie: 1	Payslip number: 1 — the sequential number for this payslip within the period
Datum verloning	Compensation date: the date your salary was processed
Datum administratie:	Administration date: the date the payroll was finalised in the system

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Below the header, you will see one or two lines that describe your current client placement. These lines look like this on the payslip:

 

On your payslip (Dutch)	What it means (English)
Declaratie 504XXXXXX	Declaration/Expense claim — the internal billing reference number for this placement
[Client Company] [City]	The name of the client company where you are placed and their location
Functie:	Job title/Function — your role at the client site
Inlenersbeloning - 1	Hirer's remuneration (scale level 1) — means your pay is based on the client company's pay scale, as required by Dutch law for agency workers. The number after the dash indicates the pay scale level.

 

Tip: The Inlenersbeloning (hirer’s remuneration) system means you are entitled to the same base pay as permanent employees doing the same work at the client company. This is a legal right under Dutch agency work regulations.

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The main body of your payslip is a detailed financial table. Before we walk through each line, it is important to understand what the column headers mean. These appear exactly as follows on your payslip:



Here is what each column heading means:

The three main column groups

On your payslip (Dutch)	What it means (English)
Mutatie	Transaction — the change/movement for this specific pay period
Totaal tijdvak	Total period — the running total for the current pay period (usually the same as Mutatie for your first month)
Verrekenen	Settlement/Offset — amounts being settled or corrected from previous periods (usually empty)

 

The individual columns

On your payslip (Dutch)	What it means (English)
Omschrijving	Description — the name of the line item (e.g. pay, deduction, or contribution)
R	Risicogroep (Risk group) — an internal classification code. You will see the number "3" here. This refers to your risk category for social insurance. You can safely ignore this column.
T	Tijdvak indicator (Period indicator) — when you see "T" in this column, it means this line applies to the current pay period
Percentage	The rate used to calculate a deduction (e.g. "0,1000%" means 0.10%)
Grondslag	Basis/Base — the salary amount that the percentage is calculated on
Fiscaal	Taxable amount — the amount that is relevant for tax purposes
Betalen	Pay — the actual amount being paid to you or deducted from your pay. Negative amounts (with a minus sign) are deductions.

 

 

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Now let’s walk through every single line you will see in the financial table, in the exact order they appear on your payslip. We will use example figures to show how the calculation works.

Line 1: Loon normale uren

Translation: Pay for normal hours

What it means: This is your basic gross pay. The amount (e.g. EUR 2,763.36) is your hours worked multiplied by your hourly rate. The "3" in the R column is your risk group. The "T" in the T column confirms this is for the current period. The amount appears under both Mutatie and Totaal tijdvak because in a standard month they are the same.

 

Line 2: Totaal bruto loon

Translation: Total gross salary

What it means: This is the sum of all your earnings lines above. If you only have one earnings line (normal hours), it will be the same amount. This is your total pay before any deductions.

Line 3: PAWW bijdrage: www.spaww.nl

Translation: PAWW contribution

What it means: PAWW stands for Private Aanvulling WW (Private Supplement to Unemployment Insurance). This is a mandatory contribution of 0.10% of your gross salary to the PAWW foundation (www.spaww.nl). It provides a supplementary benefit if you become unemployed. The "*" symbol means this is calculated as a percentage. The amount is negative because it is a deduction from your pay.

Line 4: Premie AZV

Translation: AZV Premium (healthcare insurance contribution)

What it means: This is your employee contribution of 0.70% towards healthcare-related insurance. It is calculated on your full gross salary and deducted from your pay.

Line 5: Pensioen StiPP

Translation: StiPP Pension contribution

What it means: StiPP (Stichting Pensioenfonds voor Personeelsdiensten) is the mandatory pension fund for temporary agency workers in the Netherlands. Your employee contribution is 7.50%, but notice the Grondslag (basis) is NOT your full gross salary. This is because pension is calculated on your gross salary minus the StiPP franchise (a threshold amount that is excluded from pension calculation). The franchise is adjusted annually.

Tip: Your employer also pays a pension contribution on your behalf. The total combined pension amount (employee + employer) is shown at the bottom of your payslip under "Overige" (Other). The employer portion does not reduce your net pay.


Line 6: Loon voor loonbelasting en premies

Translation: Salary for wage tax and premiums

What it means: This is a subtotal. It is your gross salary minus the three deductions above (PAWW + AZV + Pension). This is the amount on which your income tax (loonheffingen) will be calculated.

 

Line 7: Loonheffingen (Maand wit)

Translation: Wage tax (Monthly, white table)

What it means: This is your combined income tax and national insurance contribution, calculated using the standard Dutch monthly tax table. Let’s break down the terms:

• Loonheffingen = wage tax (includes income tax + national insurance premiums combined in one deduction)
• Maand = Monthly — the tax is calculated on a monthly basis
• wit = White — this refers to the standard ("white") tax table. The alternative would be "groen" (green) which is a different table used in specific circumstances.

The T in the T column confirms this applies to the current period. The loonheffingskorting (general tax credit) is already factored into this amount if your header shows "Ja met korting".

Line 8: Gediff. premie Whk WGA

Translation: Differentiated premium Whk WGA (disability insurance)

What it means: This is an employer-paid contribution towards the WGA (Werkhervatting Gedeeltelijk Arbeidsgeschikten — Return to Work for Partially Disabled Employees) fund. The rate is 0.415%. Important: although this line appears on your payslip, it is paid by Panda Flex, NOT deducted from your pay. It is shown for transparency only. Notice it only appears in the Fiscaal (taxable) column, not in the Betalen (pay) column of the Mutatie section.

Line 9: Netto loon

Translation: Net salary

What it means: Your salary after all taxes and contributions have been deducted. This is NOT yet the final amount you receive — tax-free allowances are added in the next step.

 

Line 10: Vergoedingen onbelast

Translation: Tax-free allowances

What it means: These are reimbursements that are not subject to tax. They are added on top of your net salary. Not all contractors will see this line.


Line 11: Netto te betalen

Translation: Net amount to be paid

What it means: This is the final amount that will be transferred to your bank account. It is your net salary plus any tax-free allowances.

Important: The Netto te betalen amount is what should arrive in your bank account. Compare this to your actual bank statement each month to confirm everything matches.

 

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Here is the full flow from gross pay to your bank account in one view:

Step	Dutch term on payslip
Your gross salary	Totaal bruto loon
Minus: PAWW (0.10%)	PAWW bijdrage
Minus: Healthcare (0.70%)	Premie AZV
Minus: Pension (7.50% on base)	Pensioen StiPP
= Taxable salary	Loon voor LB en premies
Minus: Wage tax	Loonheffingen (Maand wit)
= Net salary	Netto loon
Plus: Tax-free allowances	Vergoedingen onbelast
= Paid to your bank account	Netto te betalen

 

 

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Below the financial table, you will find the Cumulatieven section. This shows your running totals for the entire calendar year. The column headers appear exactly as follows on your payslip:

 

On your payslip (Dutch)	What it means (English)
Cumulatieven	Cumulatives — running totals for the year so far
R	Risicogroep (Risk group) — internal code, you will see "3" here
Dg	Dagen (Days) — total number of days worked year-to-date
Sv	Sociale verzekeringsdagen (Social insurance days) — days counted for social insurance purposes
Lb	Loonbelastingdagen (Wage tax days) — days counted for tax calculation
Bruto loon	Gross salary — your total gross earnings year-to-date
Loon SV	SV wage — salary used to calculate social insurance contributions year-to-date
Loon ZVW	ZVW wage — salary used to calculate healthcare (Zorgverzekeringswet) contributions year-to-date
Loon LB/PH	Wage tax salary — salary used to calculate income tax year-to-date (LB = Loonbelasting, PH = Premie Heffing)
LB/PH	Wage tax/Income tax — total wage tax paid year-to-date
ZVW	Zorgverzekeringswet — total healthcare contributions year-to-date
WW	Werkloosheidswet (Unemployment Insurance Act) — unemployment insurance contributions year-to-date
WIA	Wet werk en inkomen naar arbeidsvermogen (Work and Income Act) — disability insurance contributions year-to-date

 

Tip: These cumulative figures are useful when filing your annual tax return (belastingaangifte). Your employer will also provide a Jaaropgave (annual income statement) at the end of the year, but you can cross-reference the totals against your December payslip.

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The Rechten section is one of the most important parts of your payslip. It shows what you are building up in holiday entitlements and pay. The column headers appear exactly as follows:

 

On your payslip (Dutch)	What it means (English)
Rechten	Rights/Entitlements — the section header
R	Risicogroep code (Risk group) — internal code, "3" as elsewhere
Risicogroep	Risk group — shown as "IB + IIB" which refers to the combined risk categories
Percentage	The accrual percentage — the rate at which you build up this entitlement
Oud saldo	Previous balance — what you had accrued before this pay period (shown as hours or euros)
Opgebouwd	Accrued/Built up — the amount you earned during this pay period
Nieuw saldo	New balance — your updated total (Oud saldo + Opgebouwd)
Opname	Withdrawal/Used — any entitlements you have taken or been paid out
Saldo uren	Balance in hours — your current entitlement expressed as hours
Saldo geld	Balance in money — your current entitlement expressed in euros

 

Types of entitlements you may see

Vakantiedagen (Holiday days)

You accrue holiday days as a percentage of your hours worked. The percentage varies depending on the client’s pay scale (e.g. 13.85% or 11.54%). The balance is shown in hours (e.g. 20:54 = 20 hours and 54 minutes of holiday time). These are split into:

• wettelijk = statutory/legal minimum holiday days
• bovenwettelijk = above-statutory/extra holiday days (above the legal minimum)

This split is shown at the bottom of your payslip under "Opbouw vakantiedagen [year] in uren".

Vakantiegeld (Holiday pay)

In the Netherlands, you are legally entitled to a minimum of 8% holiday allowance on top of your gross salary. Some placements may offer a higher percentage (e.g. 8.33%). This is accrued each month and shown as a euro balance. Holiday pay is typically paid out in May/June, or when your contract ends.

13e maand (13th month bonus)

Some client pay scales include a 13th month bonus (typically 8.33% of gross salary). Not all contractors will see this line — it depends on the inlenersbeloning (hirer’s remuneration) at your client. If included, it is accrued monthly and paid out according to the client’s schedule or at the end of your contract.

Important: Your holiday pay (vakantiegeld) and any 13th month bonus are RESERVED, not yet paid to you. They accrue on your payslip each month but will only be paid out at the designated time or when your contract ends. Do not confuse the accrued balance with money already received.

You will also see a note on the payslip:

Translation: Note: The statutory minimum holiday allowance is 8%.

 

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The bottom of your payslip contains additional information and your payment details. The column headers are:

 

On your payslip (Dutch)	What it means (English)
Overige	Other — section header for additional information
Fiscaal	Taxable — the tax-relevant amount
Cumulatief	Cumulative — the running total for the year
Betaalinformatie	Payment information — your bank transfer details

 

Lines in the Overige section

On your payslip (Dutch)	What it means (English)
Pensioen StiPP	Total pension contribution (employee + employer combined) shown as a cumulative year-to-date figure. This is higher than your personal deduction because it includes the employer's portion.
PAWW bijdrage: www.spaww.nl	Your cumulative PAWW contribution year-to-date
Premie AZV	Your cumulative healthcare contribution year-to-date
Arbeidskorting	Employment tax credit — a tax discount you receive because you are in employment. This is automatically applied when calculating your wage tax and reduces the amount of tax you pay. Shown as a cumulative year-to-date figure.
Opbouw vakantiedagen 2026 in uren	Holiday day accrual for 2026 in hours — total holiday hours built up this year
waarvan wettelijk	Of which statutory — the legal minimum holiday hours you have accrued
waarvan bovenwettelijk	Of which above-statutory — any extra holiday hours above the legal minimum

 

Payment details

On your payslip (Dutch)	What it means (English)
Te betalen	Amount to be paid — the net amount being transferred (matches Netto te betalen)
per Bank EU (IBAN): NL XX ABNA 0XXX XXXX XX	By EU Bank transfer to your IBAN — this is the bank account number your salary is paid into

 

Tip: Always verify that the IBAN shown on your payslip matches your actual bank account number. If it is incorrect, contact Panda immediately to avoid payment issues.

At the very bottom of the payslip, you will see:

Translation: For any questions about this payslip, you can contact Mr T. Wolke, reachable on number 020 204 4502.

 

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Each month when you receive your payslip, run through this checklist to make sure everything is correct:

Check	What to look for
1. Hours	Do the hours on the payslip (Loon normale uren) match the hours you submitted and that were approved?
2. Hourly rate	Is your hourly rate correct as per your contract or placement confirmation?
3. Gross pay calculation	Does hours × rate = the Totaal bruto loon amount shown?
4. Period	Does the Periode date range match the month you worked?
5. Client details	Is the correct client company, city, and job title (Functie) shown?
6. Deduction percentages	Do the PAWW (0.10%), AZV (0.70%), and StiPP (7.50%) percentages look correct and consistent with previous months?
7. Net pay	Does the Netto te betalen amount match what you received in your bank account?
8. IBAN	Is the correct bank account number shown under Betaalinformatie?
9. Holiday accruals	Are your Vakantiedagen and Vakantiegeld balances increasing each month?
10. Start date	Does the Datum in dienst match your actual contract start date?

 

Keep this page handy as a quick-reference glossary:

On your payslip (Dutch)	What it means (English)
Loonspecificatie	Payslip
Bruto loon	Gross salary
Netto loon	Net salary
Netto te betalen	Net amount to be paid (to your bank)
Loonheffingen	Wage tax (income tax + national insurance)
Loonheffingskorting	General tax credit (reduces your tax)
Pensioen	Pension
Vakantiedagen	Holiday days
Vakantiegeld	Holiday pay / Holiday allowance
13e maand	13th month bonus
Vergoedingen onbelast	Tax-free allowances
Cumulatieven	Year-to-date totals
Rechten	Rights / Entitlements
Opgebouwd	Accrued / Built up
Saldo	Balance
Uren	Hours
Maand	Month
Tijdvak	Period
t/m (tot en met)	Up to and including
Wettelijk	Statutory / Legal minimum
Bovenwettelijk	Above-statutory / Extra
Toelichting	Explanation / Notes
Overige	Other
Grondslag	Basis (amount used for calculation)
Fiscaal	Taxable / Tax-related
Betalen	Pay / Payment
Werkgever	Employer
Belastingdienst	Dutch Tax Authority
Jaaropgave	Annual income statement