• FREE Sample. Pay if Happy.
  • FREE Sample. Pay if Happy.

Replacement P60 Explained

 

Your P60 certificate is a summary document showing earnings and deductions made during the pay year

 

For our example we used the Orange portrait version. Other styles include the same information but in a different design.

Image of the top section of the P60 to accompany the listed items numbers 1 to 8.

 

1. Tax Year

The P60 covers earnings during the pay year which runs from April 6th to April 5th the following year.

 

2. Employee Name

This is split in to surname then forename and middle names (on some styles).

 

3. National Insurance Number

Payslips would always usually include this. An exception is when someone has arrived in the UK and are awaiting their allocated number. You can find your NI number on any payslip, P60 or correspondence with HMRC.

 

4. Works / Payroll Number

Some companies don’t use this but you might call it your employee id or something similar.

 

5. Pay in Previous Employment

If you switched jobs during the pay year and handed your P45 to the new employer, earnings and tax will show. They will match the details on your P45. If you do not hand in a P45 it will not include the earnings. Note: It does not mean pay from previous years (a common misconception).

 

6. Pay in This Employment

This shows pay received and tax deducted since the start of the pay year. It will match your last payslip before year end on Apr 5th.

 

7. Total for Year

This is the combined earnings and tax deducted in this employment and any previous employment within the pay year.

 

8. Tax Code

This will show your tax code at year end. Occasionally you may start the year on a different code but HMRC send you a new code. This would be the last code received.

 

Image of the middle section of the P60 to accompany the listed items numbers 9 & 10.

 

9. National Insurance Contributions

This is the breakdown of the NI calculation. During the tax year in the example, employees pay 12% on income falling between £166 and £962 per week, and 2% on income above £962 per week. You must pay 12% NICs on salaried income falling between the Primary Threshold (£8,632) and the Upper Earnings Limit of (£50,000), and 2% on any additional income above £50,000. The column 'Employees Contribution' shows the NI amount  paid.

 

10. Statutory Payments

If you received Maternity (SMP), Paternity (SPP), Shared Parental (SSPP) or Adoption pay (SAP) during the year it will be detailed here.

Image of the bottom section of the P60 to accompany the listed items numbers 11 to 14

 

11. Student Loan

Any deductions taken for student loan payments will be shown.

 

12. Employee Name & Address

This is the name and should include the home address of the employee.

 

13. Company Name & Address

This is the employer name and address.

 

14. Employer PAYE Reference

This is the unique reference that identifies the company to HMRC. It is often referred to as ERN (employer reference number). The format is usually 3 digits (tax office) followed by a unique id (company).

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