Each year, employees receive a P60 from their employer, but many people aren't sure exactly what it is or why it's important.
A P60 is a summary of your pay and deductions for the tax year and serves as an official record of your earnings. Below, we've answered some of the most common questions about P60s.
What is a P60?
A P60 is a document issued to employees who are employed on 5 April, the last day of the tax year. It shows how much you've earned during the tax year and how much Income Tax and National Insurance you've paid.
Why is my P60 important?
Your P60 provides proof of income and tax paid and may be required when:
- Applying for a mortgage
- Applying for a loan or finance agreement
- Completing a Self Assessment tax return
- Claiming benefits or tax credits
- Keeping personal financial records
When should I receive my P60?
Employers must provide P60s to eligible employees by 31 May following the end of the tax year.
Many employers now issue P60s electronically, although some still provide paper copies.
What information does a P60 include?
A P60 typically includes:
- Your personal details
- Your employer's details
- Total pay for the tax year
- Income Tax deducted
- National Insurance contributions
- Your tax code
What if I've lost my P60?
If you've misplaced your P60, contact your employer. While they can't issue another original P60, they can often provide a duplicate statement containing the same information.
Do all employees get a P60?
No. You will only receive a P60 if you were employed by that employer on 5 April. If you left your job before the end of the tax year, you should have received a P45 instead.
Need payroll advice?
Whether you're an employer overseeing payroll or an employee looking to better understand your payroll documents, having access to accurate information is essential.
At Armstrongs Accountants, we support businesses with reliable payroll services, helping to ensure compliance, accuracy, and peace of mind throughout the year.
