What Is P60?
By PayMetric Labs Research Desk
Short answer
A P60 is the annual summary your employer gives you at the end of each UK tax year showing your total pay and the tax and National Insurance deducted from it.
Your employer must issue a P60 by 31 May following the end of the tax year (which runs 6 April to 5 April). It covers everything paid to you by that employer during the year: gross pay, Income Tax deducted, and National Insurance contributions, plus student loan repayments if applicable.
You need your P60 for several practical things: proving your income for a mortgage application, checking HMRC has your tax right (comparing it against your own payslip records catches PAYE errors), claiming tax refunds, and applying for tax credits or other means-tested benefits.
If you had more than one employer during the tax year, you'll get a separate P60 from whoever employed you on 5 April, the last day of the tax year, only. Income from earlier employers that year shows up on your P45 from that role instead, not a P60.
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This glossary entry is for general information only and does not constitute financial, tax, or legal advice. Rates and thresholds shown reflect current published guidance and may change.