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P60 and salary doesn't Match


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When I recieved my p60 it showed that I had earned £450 more than my basic salary. I dont earn any bonus so I questioned my employer about this. I was told that 2011/2012 was a 53 week year, this still doesn't make any sense to me as I earn much less than £450 per week so how can this be right?

I get paid the last friday in the month so sometimes its 4 weeks pay a month and occasionally 5 weeks pay but still only 12 monthly payments in the year.

 

Confused!

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Will flag your thread for site team :)

 

Will there have been any holiday entitlement included in that?

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The tax year runs from 6 April in one year to 5 April in the next, depending on your pay day a payment may fall in week 53 which is really week 1 of the new tax year

The employer makes this adjustment so that payments for the following year are in sync and you don't receive excess tax allowances.

You will know if this has been done as the week 53 box on the P60 will be ticked. This box obviously alerts HMRC to the adjustment so that they can correctly account for it on their systems

  • Haha 1

Gbarbm

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