Credit Score Basics > How to get your P60

How to get your P60

Wollit Team2 minute read · Updated 11th August 2024

A P60 is a very important document in the UK. It shows how much money you earned and how much tax you paid during the tax year – which, by the way, runs from April 6 to April 5.

Your P60 matters not just for tax reasons, but also for things like applying for loans or mortgages.

What exactly is a P60?

A P60 is a certificate that your employer gives you at the end of the tax year – by May 31st the latest.

It lists your total pay and the tax that has been taken from your salary. If you have more than one job, you’ll get a separate P60 for each of them.

Why is a P60 important?

A P60 is important to have for a few reasons:

It helps you keep track of how much tax you’ve paid. This is useful if you think you paid too much tax and want to get some back.
If you are eligible for tax credits or other benefits, you may need your P60 to support your application.
More importantly, when you apply for loans or mortgages, lenders want to see your P60 to confirm how much you earn.

How can I get my P60?

The only way to get a P60 is from your employer. If you are still working for your employer on April 5, they must give you a P60. If you haven’t received your P60 by June 1, reach out to your HR or payroll department and ask for it.

If you still didn’t get your P60 from them, you should log into your personal tax account on the HMRC website to see or print the information that normally would be on your P60.

Also, always save your payslips. They can help you if you need to recreate your income information.

What if I change jobs during the tax year?

If you switch jobs, you will get a P60 from each employer you worked for during the tax year. Each P60 will show the earnings and tax from that specific job.

What should I do if I find a mistake on my P60?

If you see any errors on your P60, talk to your employer right away. They are responsible for fixing it and giving you a corrected P60 if needed.

Why do I need a P60 when I apply for a loan?

Your P60 is not just a tax document. It is also proof of your income. Lenders use your P60 to verify your income when you apply for credit.

However, you should remember that proving your income is only one of the things you need to do when applying for credit. Banks also need to see that you have a good credit history and that you’re a reliable borrower.

Luckily, now there are many apps that can help you build and improve credit.

One such app is Wollit. Wollit is an app available both on Android and iOS, and it works by reporting a fixed-fee monthly subscription as a loan repayment to all three credit reference agencies. This helps you build your credit history and directly influences your credit score.

On top of this, Wollit can also report your monthly rent payment to Experian. This can add another line in your credit report that shows lenders that you’re reliable and pay your bills on time, helping you make the most of your rent while you prepare to get a mortgage and become a homeowner.