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 UK 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 provides 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 P60 FAQs or Payroll FAQs.
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.
If you leave the University you will no longer be able to access your SF record.