A P60 is an end of year certificate and an important tax document that summarises your total earnings and tax deductions for the tax year. If you're employed in the UK, understanding your P60 is crucial for managing your finances and taxes effectively. This form provides a clear overview of your income and the amount of tax you've paid, which can be invaluable when filing tax returns or applying for loans and mortgages.
In this blog, we will explain everything you need to know about the P60 form in simple terms. We'll explore what it is, why it's important, and how to use it effectively. Whether you're new or just looking to improve your tax knowledge, this blog will help you navigate the world of P60s with confidence.