P60 related question

Bigmac1euro

So I just received my p60 yesterday.
Not sure if the figures are correct but most likely are.

In section A. Total Pay - *****

Is this the total i made for the year and is this before tax ?
I felt like it should be a bit higher than what it says.


On the bottom right it has the figure again
Gross Pay - *****
Employers PRSI - *****
Total (Employer + Employee) PRSI - *****


Is it the 3 above added together makes the total earned before tax ? Because this would make a lot more sense.

Just trying to figure out how much a bank might lend me going for a mortgage in the future.

van_beano

I always take the figure that says Gross Pay for USC. It’s generaly the highest figure on the P60, on the right hand side I think.

That is how much you earned for the year before Revenue started pawing at it.

Bigmac1euro

van_beano wrote: »

I always take the figure that says Gross Pay for USC. It’s generaly the highest figure on the P60, on the right hand side I think

The thing is, this figure is lower than what i make before tax.

van_beano

Just checked there. The section D3 has the total
amount declared by your employer to Revenue

D3 amount has always been higher than the A3 amount for me anyways.

Bigmac1euro

van_beano wrote: »

Just checked there. The section D3 has the total
amount declared by your employer to Revenue

D3 amount has always been higher than the A3 amount for me anyways.

D3 Showing the same amount as total gross pay.

My last payslip in December shows how much i have invoiced for the year of 2018
That total is around 7 to 8k higher than whats showing as my gross.

threetrees

Your final payslip of the year should be the same as your P60. If not you need to ask your employer why.

Have you had all your earnings for the year from the same employer? Should still march your fin payslip though.

van_beano

I’m a PAYE employee so everything’s done for me by payroll so can’t really be much further help on your situation. Perhaps the invoices straddled 2 different tax years, the missing wages may be included in this years earning? I’m just guessing now.

Maybe there’s someone else on here more knowledgeable about the tax system that could help. Sorry.

Ciaran

If you were paid in January for work done in December, that will be counted in your 2019 earnings. Might that explain the difference?

Bigmac1euro

Ciaran wrote: »

If you were paid in January for work done in December, that will be counted in your 2019 earnings. Might that explain the difference?

It still doesn’t make sense. I’ll speak to my accountant tomorrow.