Understanding My P60

Sasquatch76

Hi folks,

I received my P60 in the post today and was going to request a P21 balancing statement for last year, but I'm very confused by the info on the P60.

Background - I worked from January 1st to the start of April last year, and have been out on sick leave since, claiming illness benefit each week from the social. I have not been receiving any pay from work during this period of illness.

So essentially, I only worked and received pay for 3 months last year, but my P60 is claiming that I received almost double that amount for 2011 (in section A: PAY). Also, section B: TAX is claiming I paid no tax, whereas I was paying tax as normal each week between January and April.

So I'm confused. Does the P60 take social welfare payments into account in the PAY section? And is the TAX section saying how much tax I should have paid or how much I did actually pay, or what? I'm probably just being dense and overlooking something obvious, but I can't work it out. Can anyone shed any light on it before I call Revenue?

Thanks in advance!

relax carry on

Sasquatch76 wrote: »

Hi folks,

I received my P60 in the post today and was going to request a P21 balancing statement for last year, but I'm very confused by the info on the P60.

Background - I worked from January 1st to the start of April last year, and have been out on sick leave since, claiming illness benefit each week from the social. I have not been receiving any pay from work during this period of illness.

So essentially, I only worked and received pay for 3 months last year, but my P60 is claiming that I received almost double that amount for 2011 (in section A: PAY). Also, section B: TAX is claiming I paid no tax, whereas I was paying tax as normal each week between January and April.

So I'm confused. Does the P60 take social welfare payments into account in the PAY section? And is the TAX section saying how much tax I should have paid or how much I did actually pay, or what? I'm probably just being dense and overlooking something obvious, but I can't work it out. Can anyone shed any light on it before I call Revenue?

Thanks in advance!

First port of call with any queries on your P60 is your employer not Revenue as Revenue will have the exact same info as you. As your employer paid you during the year and issued the P60 to you, they will be able to explain it to you.

You need to compare your P60 with your payslips to see if they match. You may have received more pay than you think and also a refund of tax paid through your wages. Your payslips should show this.

If the DSP payment was paid directly to you and did not go through your payroll then your P60 would not show it. You can ask the DSP for a record of the amount paid to you. Also, the first 6 weeks of the payment are non taxable.

Sasquatch76

relax carry on wrote: »

First port of call with any queries on your P60 is your employer not Revenue as Revenue will have the exact same info as you. As your employer paid you during the year and issued the P60 to you, they will be able to explain it to you.

You need to compare your P60 with your payslips to see if they match. You may have received more pay than you think and also a refund of tax paid through your wages. Your payslips should show this.

If the DSP payment was paid directly to you and did not go through your payroll then your P60 would not show it. You can ask the DSP for a record of the amount paid to you. Also, the first 6 weeks of the payment are non taxable.

Thanks for the response!

I've just fired an email off to my employer this evening. Unfortunately, they haven't been sending me my payslips since my illness leave began, so I'm not sure how much tax I've been paid back. So I requested all payslips due to me and asked them to look into the huge discrepancy in total pay.

I'll let you know how I get on Thanks again.

Sasquatch76

Okay, I got a reply from work stating that the P60 does not "split the difference" between actual gross pay, and social welfare payments. However, DSP payments were made directly to me, and didn't go through work at all. Even if they did, they still have the figure wrong.

Sasquatch76

Sasquatch76 wrote: »

Okay, I got a reply from work stating that the P60 does not "split the difference" between actual gross pay, and social welfare payments. However, DSP payments were made directly to me, and didn't go through work at all. Even if they did, they still have the figure wrong

Got a second email from work today saying that I should have been receiving all my payslips in the post, whereas none were actually delivered. Secondly, they are claiming that the figures on my P60 are correct as my "social welfare receipts of €x were put through payroll"...

I'm very confused by this. As far as I have been concerned, all DSP payments were being paid directly by the department into my bank account, and I have been receiving receipts for these payments from the department. I'll call the DSP and Revenue in the morning to try and find out the truth.

Sasquatch76

Sasquatch76 wrote: »

Got a second email from work today saying that I should have been receiving all my payslips in the post, whereas none were actually delivered. Secondly, they are claiming that the figures on my P60 are correct as my "social welfare receipts of €x were put through payroll"...

I'm very confused by this. As far as I have been concerned, all DSP payments were being paid directly by the department into my bank account, and I have been receiving receipts for these payments from the department. I'll call the DSP and Revenue in the morning to try and find out the truth.

Have since learned that everything is probably okay and above board. Will post the reason in full when I have it explained to me properly!

allthedoyles

Illness Benefit is taxable and it is likely that the Revenue office wrote a letter to your employers and told them to take your Illness N+Benefit into account when processing wages .

This could be done in two ways . - Benefit could be added to your gross wages , or your tax credit may be reduced by the amount of tax due .

If you are absent from work due to illness and receive Illness Benefit, your employer will take the necessary steps to ensure that the taxable portion of the benefit is taxed

source : http://www.revenue.ie/en/personal/faqs/taxation-welfare-benefits.html

Sasquatch76

allthedoyles wrote: »

Illness Benefit is taxable and it is likely that the Revenue office wrote a letter to your employers and told them to take your Illness N+Benefit into account when processing wages .

This could be done in two ways . - Benefit could be added to your gross wages , or your tax credit may be reduced by the amount of tax due .



source : http://www.revenue.ie/en/personal/faqs/taxation-welfare-benefits.html

Yep, that's what I have since been told, thanks.