We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
P60 - Pay In this employment
charity_teacher
Posts: 2 Newbie
On a P60, is the amount of money in the box in the column 'Pay' and in the row 'In this employment' before or after tax is deducted?
0
Comments
-
It's your total pay. The column next to it shows the tax you paid on it1
-
Total taxable pay; so if for example you were in a pension scheme operating under the net pay arrangement the figure would be your gross after deducting your pension contribution.1
-
Always handy to see a sample of the form under discussion:
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!2 -
Thanks everyone 🙂 So, the number in the box with the dark blue outline and asterisk labelled 'In this employment' should show my gross earnings less pension contributions but before tax?0
-
Only certain pension contributions are deducted (those made using the net pay method).charity_teacher said:Thanks everyone 🙂 So, the number in the box with the dark blue outline and asterisk labelled 'In this employment' should show my gross earnings less pension contributions but before tax?
Tax should never be deducted.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.1K Spending & Discounts
- 245K Work, Benefits & Business
- 600.5K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards