What is P60? UK Definition 2026/27
Quick Answer
The annual statement from your employer showing your total earnings and tax paid for the tax year.
Definition of P60
A P60 is an end-of-year certificate summarising your total pay and tax deducted during the tax year. If you're employed on 5 April, your employer must give you a P60 by 31 May.
The P60 is important for Self Assessment tax returns, mortgage applications, and tax credit claims. It shows gross pay, tax deducted, National Insurance contributions, and any student loan repayments.
P60 — Key Facts for 2026/27
| Issue deadline | 31 May after tax year |
| Shows | Total pay and tax for year |
| Who receives | Employees on payroll at 5 April |
| Keep for | At least 22 months |
How P60 Works — Example
- 1Tax year: 2025/26
- 2Employer: ABC Company Ltd
- 3Total pay: £45,000
- 4Tax deducted: £6,486
- 5NI contributions: £2,994
- 6Student loan deducted: £1,597
How P60 Affects Your Tax
Your P60 is essential proof of income. Keep it safe for tax returns, loan applications, and benefit claims. You can request replacement information from HMRC if lost.
Official HMRC Guidance on P60
For official guidance, refer to HMRC's documentation. Tax rules can change, so always verify current rates and thresholds on gov.uk.
HMRC: P60 informationFrequently Asked Questions about P60
Related Tax Terms
P45
The form you receive when leaving a job, showing your earnings and tax paid to date.
PAYE
Pay As You Earn - the system for deducting income tax and NI from wages.
Self Assessment
The system for reporting income and calculating tax owed to HMRC.
National Insurance
Contributions paid by employees and employers that fund state benefits.
Accuracy Note
This information is for guidance only and is based on 2026/27 tax year rates. Tax rules are complex and your circumstances may differ. For personal advice, consult a qualified accountant or tax adviser.