What is P60?
A P60 is the end-of-year certificate an employer must give each employee who is still employed on 5 April. It summarises total pay and the Income Tax and National Insurance deducted during the tax year.
Employers must provide the P60 by 31 May. Employees use it to prove income and tax paid — for tax refunds, mortgage applications or self-assessment.
In practice
In May, an employee receives a P60 showing £36,000 gross pay and the total Income Tax and NI deducted in the year that ended on 5 April.