When and how am I paid?

Your stipend is paid monthly, in arrears, on the last working day of each month.

The simplest and most cost effective way for us to pay you is via the Bankers' Automated Clearing System (BACS) directly to your bank. This method is not subject to postal delays. Please use the bank details form (available from the resources menu on the right) to advise us of changes to your banking arrangements. Whenever possible, you should give at least a month's notice of any changes.

Each month, we shall send you a pay statement setting out the calculation of your payment, including details of income tax, National Insurance and any other deductions, and also the name of your particular contact in our office who will answer any questions. It should reach you by pay day but, even if it does not, the money will be credited to your bank account by then. Payments to a building society may take a few days to reach your account, but it is usual for the Society to start calculating interest from pay day.

It is also possible for us to send you a cheque by first class post, but this method of payment is, of course, subject to the delays of the postal system, and the cheque will need to be cleared by your bank before the money is available to you. It is also administratively more expensive.