Understanding your P60

Making sense of the numbers.

A P60 may not be the most riveting read (and it won’t win any prizes for its name), but as far as your relationship with HMRC is concerned, it’s quite an important document.

What is a P60?

It’s an official document, which shows how much money you have been paid throughout the year – either as a salary or a pension. It also confirms your total tax and national insurance contributions.

Why do I need my P60?

It’s a way of proving how much tax you’ve paid, which you may need in all kinds of situations, such as:

  • Completing a self-assessment tax return
  • Claiming back any tax you’ve overpaid
  • Applying for tax credits

Even if it’s surplus to requirements right now, it’s worth putting in a safe place for future reference.

When will I receive my P60?

It will be sent to you no later than 31 May each year.

How will I receive my P60?

Unless you’ve requested a paper copy, you will be able to access it electronically by logging into My Pension Online. If you haven’t registered yet, it only takes a couple of minutes to set up an account.

If you have opted out of electronic communications, you will receive your P60 through the post. If you are a member of Brent, Ealing, Havering or Newham funds please contact your payroll department directly.

What if the information in my P60 is incorrect?

If any of the details don’t look quite right, you should contact HMRC directly. Remember to quote your National Insurance Number and your PAYE Reference (from your P60), as this will allow them to access your details.

HMRC helpline: 0300 200 3300

HMRC Address: Pay As You Earn, HM Revenue and Customs, BX9 1AS

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