Your P60 and why you need it
What it shows, when you need it and when we issue it to you - explained
A P60 is issued to each employee at the end of every tax year (5 April). As a director on payroll, you receive one. It is an important document you will need beyond just your tax return.
What the P60 shows
- Your total salary paid in the tax year
- Total Income Tax deducted via PAYE
- Total employee National Insurance contributions deducted
- Your tax code at the year-end
When you will need it
- For your Self Assessment tax return: we use the P60 figures as the starting point for your personal tax calculation
- For mortgage applications: lenders often require P60s as proof of employed income
- For rental applications, financial references, or other proof of income requests
When we issue it
If you are on our Standard or Scale plans, we issue your P60 each year after 5 April, once the final payroll for the tax year has been processed. You must keep it for at least six years, for record-keeping purposes.
💡 Good to know: Your P60 only shows salary income. It does not include dividends. If a lender or third party asks for proof of your total income, you may also need your SA302 tax calculation from HMRC, which shows all income sources. Where we provide you with Self Assessment tax return services, we can help you obtain this.
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