Vocalink

Take home pay index

The VocaLink Take Home Pay Index tracks monthly take home pay levels in the UK. It is compiled using data captured by VocaLink from the salary payments of 100 of the FTSE 350 companies. VocaLink is the processor for automated payments in the UK including all Direct Debit and Bacs Direct Credits, which account for over 90 per cent of salary payments delivered into employees' bank accounts.

VocaLink works with the centre for economics and business research (cebr) to deliver this powerful and timely indicator of take home pay inflation to economists, analysts and the media. It is an important aspect of the UK's economic performance. The VocaLink Take Home Pay Index is also split by broad sector group into two sub-indices - the VocaLink manufacturing index and the VocaLink services index.

There are two unique aspects to the VocaLink Take Home Pay Index. First, it is based upon hard data not survey responses - measuring the salaries deposited in hundreds of thousands of bank accounts each month. Second, the data is collected in real time - with the results processed and reported within days of the end of each month.