What is a P60 and Why is it Important?

A P60 is a document issued by your employer at the end of each tax year (6 April to 5 April) that summarizes your earnings and deductions for the year. It is an essential document for completing your annual tax return and claiming any tax reliefs or allowances you are entitled to.

Where Can I Find My P60?

Usually, your P60 will be sent to you by post within a few weeks of the end of the tax year. However, if you have not received your P60 by the end of May, you should contact your employer to request a copy.

If you are unable to obtain a P60 from your employer, you can request a copy from HM Revenue & Customs (HMRC) by calling their helpline on 0300 200 3300.

What Information is Included on a P60?

Your P60 will include the following information:

• Your name and address
• Your employer's name and address
• The tax year
• Your National Insurance number
• Your gross earnings for the year
• Your taxable pay for the year
• The amount of tax deducted from your pay
• Any other deductions, such as pension contributions or student loan repayments

How to Use Your P60

Your P60 is an essential document for completing your annual tax return. You can use the information on your P60 to calculate your taxable income and claim any tax reliefs or allowances you are entitled to.

If you are employed by more than one employer in a tax year, you will need to obtain a P60 from each employer. You will then need to combine the information from all of your P60s to complete your tax return.

What if I Have Lost My P60?

If you have lost your P60, you should contact your employer to request a copy. If you are unable to obtain a P60 from your employer, you can request a copy from HMRC by calling their helpline on 0300 200 3300.

Frequently Asked Questions

• What is the difference between a P60 and a payslip?

A P60 is a summary of your earnings and deductions for the entire tax year, while a payslip is a statement of your earnings and deductions for a single pay period.

• What do I need to do if I have more than one job?

If you are employed by more than one employer in a tax year, you will need to obtain a P60 from each employer. You will then need to combine the information from all of your P60s to complete your tax return.

• What if I have lost my P60?

If you have lost your P60, you should contact your employer to request a copy. If you are unable to obtain a P60 from your employer, you can request a copy from HMRC by calling their helpline on 0300 200 3300.

• What if I am self-employed?

If you are self-employed, you do not receive a P60. Instead, you will need to keep accurate records of your income and expenses throughout the year. You can then use this information to complete your annual tax return.

• Where can I get help completing my tax return?

If you need help completing your tax return, you can contact HMRC for assistance. You can also find helpful information on the HMRC website.