P60 discrepancy with published salary

Savvy_Sue

Hello, there may be a perfectly rational explanation for this, and I have asked the payroll bureau for one, but ... 

We've just had our P60s sent out: we're paid on the 25th of each month. 

A couple of people have checked their salary for the year and found a discrepancy between their published salary (showing on our HR system) and what they've actually been paid. 

I checked my own, and I've got one too: in my case it's £64. 

So, is there a perfectly rational explanation? Or have we all been diddled? 

Dazed_and_C0nfused

There could well be one.

Last time I checked the P60 didn't have a field for "salary", it's taxable pay which is recorded.

So a change to pay mid way through the year or net pay/salary sacrifice pension contributions would show up as a discrepancy between salary and taxable pay.

Does the February payslip have a cumulative taxable pay value included?  If so how does that plus the March taxable pay compare to the pay figure on the P60?

Dazed_and_C0nfused

There could well be one.

Last time I checked the P60 didn't have a field for "salary", it's taxable pay which is recorded.

So a change to pay mid way through the year or net pay/salary sacrifice pension contributions would show up as a discrepancy between salary and taxable pay.

Does the February payslip have a cumulative taxable pay value included?  If so how does that plus the March taxable pay compare to the pay figure on the P60?

theoretica

I think your P60 won't include pension, but your HR figures might.

Savvy_Sue

Of course, we did all get a payrise last May.

I guess I was just SO shocked that anyone had actually done what I said and LOOKED at it, never mind checking the figures ... I couldn't think straight!