Replacing P60 The Easy Way

orm• Pay and tax in previous employment
At the end of each fiscal year, you will receive a• Pay and tax in 'this' employment
P60 form from your employer, which shows your• 'Total for year' pay and tax
total amount of pay for income tax purposes and• Final tax code including the 'Week 1' or 'Month
how much has been deducted in tax and National1' indicator if applicable
Insurance over the tax year. P60 is an important• National Insurance Contributions information
document - and therefore, make sure you keep it• Employer’s name and address
safely each time you receive it.• Statutory Maternity Pay (SMP) paid - if
You will need your P 60 form when you want toapplicable
do your tax return, claim back any tax that you• Statutory Paternity Pay (SPP) paid —
have overpaid, or apply for tax credits. Besidesif applicable
that, the P 60 form also lets you know whether• Statutory Adoption Pay (SAP) paid —
your employer is using the correct Nationalif applicable
Insurance number and deducting the right amount• Student Loan Deductions in 'this' employment
of National Insurance Contribution. And lastly, you— if applicable
may need it as a proof of your earnings whenIt is quite common for employees to lose their
you want to apply for a mortgage or a loan.P60 forms, or in some cases the forms are
As mentioned earlier, your employer will issue therejected because they are damaged or hand
P60 form at the end of each tax year, which fallswritten. When one of these happens to you, we
on April 5. This is, however, provided you stillcan help you replace them. We offer high-quality
work for your employer by then. If you are noP60’s that are prepared on approved
longer employed before the fiscal year ends, youInland Revenue forms. Basically, you only need to
will only be given a P45 form at the end of yourtell us four things:
job. Often, employees do not receive their P 601.Your employer's full address including postcode
forms even after the tax year has ended. If you2.Name of your employer's tax district
are one of them, do not hesitate to ask for it3.Your employer's tax district number
from your employer as you are entitled to it by4.Gross salary paid in that financial year
law if you still work for the employer.With this information and our fully computerized
When receiving your P 60 form, make sure thepayroll system, you are guaranteed to receive
following information is included in it:accurate results.
• Tax year to 5 AprilOther than that, we also provide payslip calculator
• Employer PAYE referenceon our website that you can use for free. By
• Employee’s National Insurance number,using this salary calculator you will be able to
if knownknow whether your employer has been deducting
• Employee’s namethe right amount of tax and National Insurance
• Employee’s payroll numberContribution from your salary.