P60

What is a P60?

A P60 is a statement given by an employer in April after the end of the previous tax year. It shows how much you were paid for that year and how much tax you’ve paid on it. They can also be used by underwriters to verify that your stated income is correct.

A P60 form is the end of year certificate for pay and tax deducted under PAYE (Pay As You Earn). It shows an employee`s total amount of pay for income tax purposes, along with how much has been deducted in tax, National Insurance and other deductions over the tax year.

If your employer doesn't give you a P60 at the end of the tax year, you can ask for one if you need to complete a Self-Assessment tax return, however by law they must be issued by the 31st of May. This can be used to claim back any tax you've overpaid or to apply for Tax Credits. You may also need it as proof of your income if you apply for a loan or a mortgage - so it`s important to keep all your P60s safe. If you've lost your P60 your employer can issue you with a duplicate - but this must be clearly marked as being so.


Q: Where can I find my P60?

A: Your employer issues them, so you may be able to request a copy from them if you cannot find the original.

Q: What is a P60 used for?

A: A P60 is primarily used to prove that tax has been paid for that year. More practically, it can be used when you’re applying for a mortgage if you’ve asked the lender to take annual bonuses into consideration as part of your annual income.

Q: When do they get issued?

A: They are issued towards the end of that tax year (5th of April).

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