[piː60]
A P60 is a form issued to employees showing earnings, tax, and National Insurance contributions of a tax year. It act as a proof of income and tax paid.
A P60 is a form that summarises an Employee's total pay and their tax deductions for a tax year in the United Kingdom. The form also includes information about National Insurance contributions. A P60 is issued to an employee by an employer at the end of every Tax Year.
A P60 is an important document as is serves as proof of earnings and tax payments for an employee. This might be useful when applying for a loan or a mortgage. It could also be useful when filing a Self Assessment. If a P60 is lost, it is possible to request the information that would be on a P60 from HMRC.
Self-employed individuals might use an SA302 instead to prove their earnings.
An example of a blank P60 from 2023/24 is shown below:
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