What is a P60?
Queen Mary, University of London has responsibility for deductions of tax and National Insurance from an employee’s pay every month. This is done using the Pay As You Earn (PAYE) system, with deductions made before you receive your pay. An online payslip is provided each time an employee is paid showing gross pay, tax deducted, net pay and the tax code in operation.
At the end of every tax year, which runs from 6th April one year to 5th April the next, QMUL provides each employee with a P60 form. This displays the total amount of pay received during the year from that employer, and the tax deducted. The tax code which was operated against the pay will also be displayed. If a refund of tax was made during the year, this will also be shown on the form P60.
What does an online P60 look like?
The layout of the online P60 is the same as the paper version.
Does the content of my online P60 differ from the paper version?
No. Your online P60 contains the same information as your paper P60.
Does the online payslip or P60 affect the way in which I am paid, or my pension contributions?
No. The online payslip and P60 is simply a change in the way your receive notification of your pay and end of year information.
Can a P60 be printed?
Yes, MyHR allows an employee to print their P60, on the infrequent occasions when this is required, from their normal printer.