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hi ive searched the internet and for once cant find what im looking for
on my p60 end of year certificate it says total for year pay and tax deducted- am i right in thinking that this is the year thats just happened and this is my gross income and if i deduct the tax figure and NI then i get my net income figure?
also it says previous employment- is this the year 2011 to 12?
then theres a red box with red arrow!! saying 'this employment' and it has a different pay and tax figure?!
and which box tells me how much NI i have paid? is this the one that says 'emplyoees contributions above PT'?
oh my days!
thanks lime, but im still confused! which box tells me what my gross and net are ?
It will only show gross from each employment.
Keep asking though.... sorry I know I'm no good with explaining...
We'll get it out of you sparklinglime though as you do know your stuff!
Sticking my nose in here....surely the "total for year" is what you have earned in all employments this current year, whether it is in this job or another previous job in the same tax year and so that is the figure you need....
...and if so, then add up the figure for "previous employment" and figure for "this employment" and this should equal the same as the "total for year", yes?
Does that sound right, sparkling?
ive gone through my pay slips and worked it out that way- much easier than trying to work out p60!
Ha ha well done chocolate81!!
The P60 you should have had should show 2012 - 2013
Previous employment and this employment is how much you have earned during the whole year, and how much tax you've paid for the whole year.
Employees contributions will the the national insurance you've paid.
I'm really sorry, but I'm rubbish at explaining...