What is a P60?
A P60 is a form issued by your employer before 31st May. It details your earnings, and the tax, national insurance, and student loan you've paid between 6 April 2023 and 5 April 2024. You need to retain your P60; you might need to use it in the following scenarios:
to claim back overpaid tax
to apply for tax credits
as proof of your income if you apply for a loan or a mortgage
Tip: If your employer has received your taxable pay and tax paid values from your previous employer, either from a P45, or from HMRC, those values are included in your current P60.
Who receives a P60?
You'll receive a P60 if you are employed on April 5th and you've been paid by your current employer within the 2023–2024 tax year.
You'll only receive a P60 from your current employer. If your employment ended earlier than 5 April 2024, you should have received a P45 form instead.
What's included on a P60?
A P60 contains information about your pay for the 2023-2024 tax year. It includes:
Taxable pay and tax paid in this employment
Taxable pay and tax paid in any previous employments
Pay for national insurance, and national insurance paid
Statutory parental payments
Student loan and postgraduate loan deductions
When do I need a P60?
Your employer must send you your 2023-2024 tax year on or before 31 May 2024.
You'll be able to view your P60 from the Documents section of your employee space at the same time as your March 2024 payslip.