YTD stands for ‘year to date’.
At the bottom right hand side of each pay advice slip, you’ll see YTD figures. These are the running totals of your gross pay, how much tax you’ve paid and how much National Insurance (NI) you’ve paid so far in this tax year. The tax year started on 6th April.
Your ‘gross pay’ includes all of your taxable earnings, for example your gross salary, holiday pay and statutory payments.
If you receive a tax rebate at any point, an updated YTD tax figure will be shown on your next pay advice slip.
At the end of each tax year, we’ll send you a P60. It shows your gross salary and the total amount of tax and National Insurance (NI) you paid in the last tax year. The figures on your P60 will match the YTD figures on your last pay advice slip of the tax year.
The YTD figures can come in handy if you ever need to prove your income (for example, on a mortgage application). Or, if you would like to know your overall gross earnings at any point in the tax year.