Your P60: explained
2 minutes to read
Like all employers in the UK, we’ll soon be giving each of our employees a P60 form for the 2018/19 tax year. It seems like a good time for a quick reminder of why we send P60s and what information it includes.
What is a P60?
A P60 is a certificate that employers must send to each of their employees at the end of every tax year. It shows your gross salary and how much tax and National Insurance you paid in the last tax year, which runs from 6th April to 5th April. It also includes a note of your payroll number.
This document comes in handy when you’re asked to prove your annual income. For example, if you’re applying for tax credits or completing a tax return.
Check the amount in the ‘Pay’ box to see your gross salary for the tax year. Remember, your gross salary is just one part of the daily/hourly rate that your agency pays to us (your umbrella company). Other elements, like our margin, aren’t shown on your P60.
If you had more than one employer during the tax year, we will include details of any income from your previous employment that we’re aware of. We’ll only have this information if you gave us a P45 from your previous employer or if HMRC sent us a coding notice that included the figures. Learn more: are earnings from my previous employment included on my P60?
When will I receive my P60?
The deadline for all employers to issue P60s is the end of May.
We’re going to send ours between Thursday 18th April and Tuesday 23rd April. We send them by email, so you’ll receive it straight away.
What should I do with my P60?
Keep it safe! Even if you don’t need it straight away, you might find yourself looking for it one day. We recommend you file the email and print a copy if you want one for your records.
Learn more
You can find more detailed information on your P60, including what to do if you haven’t received it, in our support centre.
Oh, and if you’ve moved home recently, please update the address on your account by Sunday 14th April. Although your P60 is sent by email, it has your home address on it.