Finance

How To Get A P60

Allison S Robinson | 8 August 2022 | 2 years ago

How To Get A P60

If you’ve been asked to provide proof of income for a mortgage or loan, you might be wondering how to get a P60. This is a document that should be provided to employees by their employer at the end of each tax year. But where can you get a P60 from and what should you do if you lose your P60?

In this article, we’ll tell you everything you need to know about P60s, from how you go about requesting one to when you might be asked for a P60. We’ll also answer some of the most commonly asked questions about this type of document, so that you feel confident if you’re ever asked to present your P60.

What Is A P60?

The P60 is also known as the end of year certificate, as it details how much you’ve been paid and the amount of tax and National Insurance that you have paid to HMRC. Every employed person in the UK should receive a P60 each year, detailing how much they have earned and the deductions that have been applied to their salary.

Your P60 will be supplied by your employer each year, at the end of the tax year. As the tax year ends in April, your employer has until the 31st May to send you your P60. This can be sent either as a paper document or digitally.

You may find that you are rarely asked to provide your P60. However, if you apply for a mortgage or a loan, a P60 is the easiest way to prove how much you earn from employment. So, it’s a good idea to store your P60s in a secure location in case you need them in the future.

When Do You Get A P60?

If you haven’t yet received your P60, you might be wondering when you are due to receive it.

The P60 is an annual document, so you should receive it once per year. The tax year runs from 6th April to the 5th April the following year. At the end of the tax year, every employee in the UK should be given a P60 by their employer which details how much they have been paid during the tax year.

The company has until the 31st May to send a P60 to their employees. This can be sent as a physical paper document or digitally. Some companies will make P60s available to employees on an online payroll system. You’ll find that your P60 will usually be delivered in the same way that you access your payslips.

If you haven’t received your P60 by the 31st May, you’ll need to contact your HR or Payroll department. They’ll be able to advise you on how you can access your P60, or resolve the problem if it hasn’t yet been issued.

When Do You Need A P60?

Whilst the P60 is an important financial document, it isn’t every day that you’ll be asked to provide it. In fact, many people will only need a P60 when they apply for a loan or mortgage. However, it’s important that you keep your P60s in a secure location as it is the easiest way to prove exactly how much you earned during a financial year and how much tax and National Insurance you paid.

Here are some of the reasons you might need a P60:

  • To apply for a mortgage
  • To apply for a loan
  • To apply for means tested benefits
  • To file a self assessment tax return (if you are self employed as well as being employed)
  • To claim a tax rebate
  • To respond to a HMRC investigation
Whilst these are the most common reasons why you need a P60, this is not a definitive list. You may find that you need your P60 for other purposes throughout the year, so it’s always best to ensure that you know where your P60 is and can easily access it when required.

lost my p60

How Do I Get A Copy Of My P60?

If you’ve been asked to provide your P60 as proof of earnings, you might be wondering how you can get a copy of your P60.

If you’re employed, your employer should provide you with a P60 each year. This will usually be provided each May for the previous tax year.

You’ll usually receive your P60 in the same way that you are given payslips. So, if you receive your payslips by post, your P60 will generally be sent in the same way. If you view your payslips electronically, you should be able to download your P60 from the same place.

If you haven’t received your P60 by the 31st May, it’s best to contact your HR or payroll department. They will be able to explain how you can access your P60, or send you one if it has not yet been done.

If you’re trying to access an historic P60, you will need to contact the employer for whom you were working at the time. They may still have a copy of the P60 that they can send you.

How Do I Find My P60 Online?

The world is becoming increasingly digital, so many people would prefer to receive their P60 electronically so that they can access it online.

Unfortunately, how you access your P60 is controlled by your employer. If they prefer to send paper copies, you may not have any way to access your P60 online. This is because you cannot get a P60 from anywhere else – it has to be issued by your employer.

However, many employers now offer the option to view both payslips and P60s electronically. This could be sent by email, or they may have a system in place that you can log in to in order to view your payslips and P60s online.

If your employer offers a digital option to view your P60s, you will need to get in contact with your HR or payroll department to find out how to access it.

Can HMRC Give Me A P60?

If you have already left your job and have not been given a P60, you might be wondering whether you can get one from HMRC. After all, they are the organisation to which we pay our taxes.

Unfortunately, you cannot get a P60 from HMRC. This is because only your employer holds full details of your pay including the deductions that have been made. So, if you need to obtain a P60, you will need to contact your employer.

Lost P60 – What To Do

It’s important to keep your P60s in a safe and secure location, in case you need them in the future. But what can you do if you have lost your P60?

The first thing to do is to ask your employer for a replacement P60. They should be able to print another document for you or send you a replacement P60 electronically. Employers have to keep P60s on file for three years, so they should have a copy of your P60 on file.

However, your employer is not legally obliged to issue a replacement P60, so there is a chance that they could refuse to do so.

Unfortunately, you cannot get a replacement P60 from HMRC. Whilst the document is required by law, P60s are not sent to HMRC by employers. So, HMRC will not have a copy of your P60 on file.

However, you can still get information about your previous earnings and tax deductions from HMRC. To do this, you will need to have your National Insurance number to hand. You can contact HMRC on 0300 200 3300. Whilst they will not be able to send you a replacement P60, they will be able to provide you with the information you need regarding your prior earnings and deductions.

What Does A P60 Look Like?

If you haven’t seen a P60 before, you might be wondering what this document looks like.

A P60 looks similar to other HMRC forms such as a P45 and even a payslip. However, it will also have some key information that you may not be able to find on other financial documents. This information will include:

  • Your National Insurance number
  • Your details
  • Your employer’s details
  • Your employer’s PAYE reference
  • Your total pay during the tax year
  • The total amount of tax that you have paid during the tax year
  • Your student loan payments during the tax year
  • Any statutory maternity, paternity, adoption or shared parental leave pay that you have received during the tax year
  • Your final tax code
Do Self Employed Get A P60

Do Self Employed Get A P60?

You might be asked to provide your P60 when you apply for a mortgage, a loan or certain means tested benefits. But what about if you are self employed?

Self employed workers such as sole traders do not receive a P60. This is because a P60 is supplied by the employer – something that self employed workers are lacking.

Instead of a P60, self employed workers will fill out an annual self assessment tax return. Once this has been completed, HMRC will generate a SA302 form, which provides evidence of your earnings. The SA302 should be accepted by mortgage lenders and government organisations as proof of your self employed earnings in the same way as a P60.

You can download your SA302 form from the HMRC website. However, it will not be available until 72 hours after you have submitted your self assessment tax return, so you may have to wait a while if you have only just filed your self assessment.

What If My P60 Is Wrong?

The information for your P60 is generated by HMRC and provided to your employer. Your employer then uses this information to create your P60 and issue the document to you.

If your P60 contains incorrect information, you will need to contact HMRC to raise an enquiry. They will then investigate and correct your P60 if the information is found to be incorrect.

Your employer will be unable to alter the information in your P60 without confirmation from HMRC, as the data is supplied to them by HMRC.

Is P45 The Same As P60?

No, a P45 is not the same as a P60. In fact, these are two very distinct financial documents, each with their own purpose.

A P45 is the document that you receive when your employment ends. You will be issued with a P45 at the end of your employment to detail what you have earned so far during the tax year and what deductions have been made. You will be asked for this document by your new employer if you are changing jobs, so that they know how much tax to deduct from your pay.

In contrast, a P60 is a document that every employee should receive at the end of the tax year. This document details exactly how much you have earned during the tax year and the deductions that have been made for tax and National Insurance. You will often be asked for your P60 if you are applying for a mortgage, a loan or means tested benefits.

Does Your Employer Have To Give You A P60?

Employers are legally obliged to issue a P60 to each of their employees at the end of the tax year. The tax year ends on 5th April and the company has until 31st May to issue P60s to all of their employees. This document will detail how much each employee has earned during the tax year, along with deductions that have been made for tax and National Insurance.

In Summary

A P60 is an important financial document that every employee is issued with at the end of the tax year. It sets out what the employee has earned and the amount of tax and National Insurance that has been deducted from their pay.

When it comes to how to get a P60, this document should be issued by the employer by default at the end of the tax year, no later than 31st May. If you have not received a P60 by this date, you should contact your employer.

Unfortunately, self employed workers do not receive a P60. However, you will be able to download an SA302 from the Government Gateway after filing your self assessment tax return which can be used in the same way as a P60.

Topic

Finance

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