Gross income on P60

Discussion in 'PAYE letters 2010' started by Naatalq, Jun 1, 2012.

  1. Naatalq

    Naatalq UKBF Newcomer Free Member

    2 0
    Hi!

    I got my P60 this year and I am trying to find my gross income there.
    However I am not sure if the amount called 'Pay' on the bottom of my P60 is the gross income?
    Or if I want to get the gross income, do I have to add the 'Pay' amount and the 'Tax deducted' amount?

    Thanks : )
     
    Posted: Jun 1, 2012 By: Naatalq Member since: Jun 1, 2012
    #1
  2. penquanash

    penquanash UKBF Newcomer Free Member

    38 6
    Pay is your Gross income. DO NOT ADD IT TO YOUR TAX DEDUCTED TO ARRIVE AT YOUR GROSS INCOME
     
    Posted: Jun 1, 2012 By: penquanash Member since: Oct 9, 2011
    #2
  3. payrolloxford

    payrolloxford UKBF Contributor Free Member

    58 9
    Pay is your Gross Taxable income for the year and the tax figure is the amount of tax deducted from that pay. You should also check that the code number on the P60 is what you would expect it to be.
     
    Posted: Jun 1, 2012 By: payrolloxford Member since: May 29, 2009
    #3
  4. Naatalq

    Naatalq UKBF Newcomer Free Member

    2 0
    Okay, thank you both for your help : )
     
    Posted: Jun 1, 2012 By: Naatalq Member since: Jun 1, 2012
    #4
  5. EH.M

    EH.M UKBF Newcomer Free Member

    6 2
    Gross pay = Pay previous + current employment
     
    Posted: Nov 15, 2012 By: EH.M Member since: Nov 7, 2012
    #5
  6. Newchodge

    Newchodge UKBF Big Shot Free Member

    8,868 2,254
    If you paid into a pension scheme, your gross pay will be reduced by your pension contributions
     
    Posted: Nov 15, 2012 By: Newchodge Member since: Nov 8, 2012
    #6