The form contains the personal details of the employee that it relates to, such as name, national insurance number, tax code and works payroll number if they have one. As well as the personal details, each P60 will detail the following pay information:
– Pay in current employment + tax deducted
– Pay in previous employment + tax deducted
– National insurance deductions in this employment
– Details of any maternity/paternity/adoption pay
– Details of any student loan deductions
It is always a good idea for employees to check their P60 to ensure all the details are correct. In particular that the pay from previous employment (if any) has been added correctly and also that the correct tax code has been used as this can result in an under/overpayment of tax. If an employee spots any mistakes they can raise the issue with their employer or HMRC if needed to ensure they a corrected before future use.