Your online P60

On the right of the P60 you’ll find the details of the pension you’re paid.
p60
  1. Your tax code – which is set by HMRC and determines the amount of tax you pay.
  2. The annual pension you’ve been paid to date – this is your gross annual pension before tax.
  3. The tax deducted from your annual pension – as determined by your tax code, subtract this from your annual pension to determine your net pension for the year.
  4. The value of your benefits as a percentage of the Lifetime Allowance - you can use this if you have another pension that you’re going to take at a later date, to check if you’ve exceeded the allowance for tax privileged savings and if you will have to pay a tax charge on the excess.