P60 - wrong ?

castle96

finally got my P60.

The amount showing in the "Pay and Income tax" section shows an amount which corresponds to the "Taxable gross" on the week 52 payslip.

Q.) Surely the amount showing should be the Gross Income for the year, which is a lot more ?

The tax deducted is correctly shown. There are no pension contributions made

If I were to use this as proof of income, it would be incorrect.

chrisbur

castle96 wrote: »

finally got my P60.

The amount showing in the "Pay and Income tax" section shows an amount which corresponds to the "Taxable gross" on the week 52 payslip.

Q.) Surely the amount showing should be the Gross Income for the year, which is a lot more ?

The tax deducted is correctly shown. There are no pension contributions made

If I were to use this as proof of income, it would be incorrect.

The P60 is correct only taxable gross shows. It is used for checking your tax is correct, filling in tax returns and for tax credits. As you say a P60 is strictly speaking not proof of income, anyone requiring this would really need to contact your employer.

There did used to be an extra box on P60s which showed the actual gross which at the time was used by the DHSS when they paid earnings related benefit on sick pay, unemployment benefit etc. but these disappeared many many years ago and the extra box went with them.

purdyoaten

castle96 wrote: »

finally got my P60.

The amount showing in the "Pay and Income tax" section shows an amount which corresponds to the "Taxable gross" on the week 52 payslip.

Q.) Surely the amount showing should be the Gross Income for the year, which is a lot more ?

The tax deducted is correctly shown. There are no pension contributions made

If I were to use this as proof of income, it would be incorrect.

You could use your final payslip in the tax year to verify your income for, let's say, mortgage purposes. This should show your gross pay and include those deductions which make up the difference from that figure shown on the P60.