Understanding your P60
What is a P60?
Your P60 displays the taxable income after any tax free deductions such as salary sacrifice, for example pension or cycle scheme.
It is a summary of earnings for the tax year; your P60 will not directly correlate to your salary on SuccessFactors (SF) unless your salary has remained unchanged and there have been no other payments or deductions from gross pay, for the period April to March.
How to access your P60
In SuccessFactors click on "My Profile" on your homepage; you will see a tab called "Payslips and P60s" in which there is a list of available payslips and P60s, click on the relevant link (eP60) and your P60 will open as a PDF document. If you hold more than one assignment in SuccessFactors, your P60 will be visible on your primary assignment.
How to read your P60
Your P60 holds all the important information that you will need to know for the relevant tax year. We have provided an annotated example of a P60 below to help you to understand your P60.
For further information see below FAQs.
Please see below frequently asked questions:
| Question: |
Answer: |
| Why doesn't my salary on SuccessFactors (SF) match my P60? | The salary displayed on SF is your gross salary the University has agreed to pay you. Your P60 is your taxable earnings (not including tax free deductions) from April to March. |
| What is a tax free deduction? |
Examples of tax free deductions include: pensions, annual leave purchases and salary sacrifice schemes; electric car, cycle scheme, Computershare vouchers, nursery deductions. |
| Can you provide another P60? | We cannot issue duplicate P60s, please download this from SF and retain in a safe place for your records. |
| My address is different can this be changed? | We are unable to alter the details on your P60 as this is the final document. Please check and update your details on SF for future correspondence. |
| Will I get a P60 if I have left? | A P60 is issued to you if you have not left employment by 31st of March. If you have left prior to this date you will have received a P45; a summary of your total earnings for the tax year up to your leave date. |
| Why are some fields blank? | Blank fields are common, they are populated where entries exist. For example, if you have been on maternity leave, Statutory Payments will be populated. |
P60 terminology
Earnings on a P60 typically match the 'Year to Date Totals' (YTD) column on your March Payslip.
A. National Insurance Contributions in this employment: is a summary of the NI you have paid.
B. NIC table letter: Is the NI category code used for the tax year, usually A. If you have changed category codes you will see two rows with a summary for each category code.
C. Employee's contributions due on all earnings above the PT. The total NI you have paid for the tax year per category code.
D. Statutory Payments included in the pay 'in this employment': This is a summary of any earnings for statutory payments e.g. if you have been on maternity you will see the breakdown of statutory maternity paid here.
E. Pay and Income Tax details: A summary of your taxable pay, tax deducted in current and previous employment.