WHAT IS A P60?
Your P60 is a summary document issued at the end of the tax year. It shows your earnings and tax deductions from your salary for that year. You get a separate P60 for each job you have, and if you leave a job during the year, you receive a P45 form.
– Employer and employee information
– Earnings from the employer
– Total tax paid from April 6th to April 5th
– PAYE/BR tax code
– National insurance number and category letter
– National insurance contributions
– Details on maternity, paternity, shared parental, and adoption pay
– Student loan deductions based on income
– Income and tax deductions from a previous employer
Employers must give employees their P60 by May 31st. You can receive it in paper or electronic format. Keep your P60 safe for claiming tax refunds, applying for tax credits, or proving income for loans or mortgages.
