2006-10-03 10:08:59 · 9 answers · asked by BusinessMind 2 in Business & Finance ➔ Personal Finance
The P60 will give you the Net and Gross total you earned in the last financial year.
You are correct in giving this as the amount you earn.
2006-10-03 10:12:33 · answer #1 · answered by paddymac 3 · 1⤊ 0⤋
The amount on your P60 is the total amount you have earnt in the previous tax year, this includes overtime, shift premiums and any allowances which you are entitled to.
Any amount over your base salary is probably not contractually or otherwise agreed and could fluctuate whereas your Salary is the guaranteed amount you will receive.
If applying for credit or other jobs, always quote what your base salary is, don't include the overtime etc. The reason being, if the credit provider / employer contacts your employers, they will be given your base salary, not what you actually earned in the previous year. This then does not look good on you, credit companies in particular will not look favourably on this as they will believe that you are trying to falesly exagerrate your income to boost your chances of getting credit.
Ultimately, although this doesn't happen that often, credit companies could file a CIFAS (Credit Industry Fraud Avoidance System) report against you and this will sit on your credit file and make it VERY difficult to obtain credit in future.
Be very careful!
2006-10-05 05:56:00 · answer #2 · answered by frontera2 3 · 0⤊ 0⤋
Yes. Your P60 details your earnings and tax deductions for the last tax year and is provided by your employer each April.
The income listed on the form is what you would tell your future potential employers.
Also, now that more companies are doing more indepth background checks, I'd advise you to be honest and not lie about your income.
2006-10-03 17:23:20 · answer #3 · answered by JazzMoney 5 · 0⤊ 1⤋
no it's not - it is how much you earned in the last tax year and that may not be the same as your current pay.
be careful about lieing as well. it is easy to check up on this by looking at a payslip! If I am your employer, I would check and if it didn't match to what you said, I'd fire you for lack of integrity!
2006-10-03 17:23:39 · answer #4 · answered by bw_r005t3r 2 · 0⤊ 0⤋
Not always. If your pay is seasonal (ie. it changes from month to month) then its probably the best source. Otherwise, take your last months pay and multiply it be twelve. If you get paid weekly, take your last 4 weeks pay and multiply it by thirteen (52 weeks in a year, remember)
But feel free to add a bit on and once you have a job offer, ask for more money. It always works.
2006-10-03 17:21:16 · answer #5 · answered by Garry 1 · 0⤊ 0⤋
You shouldn't need a P60 to know what your earning!!
2006-10-03 17:16:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It tells you how much gross wage you have had, you need to take of the PAYE and NI and after them is how much you have taken home yourself
2006-10-03 17:11:28 · answer #7 · answered by gizmo-570 3 · 0⤊ 0⤋
No. lie and claim you earn more, it'll help you screw them for more money, just dont go overboard or they might check up :)
2006-10-03 17:17:33 · answer #8 · answered by thecoldvoiceofreason 6 · 0⤊ 1⤋
Should be and tell others that if you wish too
2006-10-03 17:11:02 · answer #9 · answered by Maid Angela 7 · 0⤊ 0⤋