If You Have Lost Your P60

Most of the mortgage lenders lend money depending upon the income that can be proved. For the employees, this probably means the last three payslips and the latest P60. In case of a self-employed, he or she needs to produce accounts of the last three years. Income of some people may not be very straight forward as their salary may include commission and other incentives, over-time and bonuses which are not regular but make a notable portion of one’s salary.

As these parts of income are usually not guaranteed, some lenders may not allow them to be considered or may consider only a small proportion out of them. If a person can afford to re-pay his or her mortgage amount but cannot prove his or her regular income then it is good to apply for the mortgage which require no income proof as by self-certification, one can involve all the income in his or her affordability calculation.

P60 can give you a sufficient income proof if you are casually employed and need to produce your P60 and wage slips. If under any circumstances your P60 or payslip got lost, damaged or not acknowledged because they are written in hand then you can avail a service of a professional company which can provide you with an original payslip or P60 generated by the computer.

Main features of wage slips and P60 are name of the employer and the employee, date of payment, National insurance no., tax code, method of payment, net pay, gross pay, deductions including national insurance contribution and tax and total payments till date. Additional fields may also contain overtime, pension, stock purchase, and bonus.

A certificate of P60 contains the earnings and the tax payments of the employee over a financial year. If in any case the employees lose this certificate then the employers cannot reproduce it. But there are companies which can produce computer generated P60 or payslips for their clients on request.

With these services, the employees can get their accurately calculated high –quality documents on a full array of wage slips printed on the forms approved by Inland Revenue. Some example of payslips made available by these companies includes standard dot matrix payslip, standard security dot-matrix payslip, Plus Security Dot Matrix Payslip and Plus Dot Matrix Payslip printed through a high-technology dot-matrix printer.

Standard laser payslip printed through laser printer, printed through a high-technology dot matrix printer with NI and tax printed on it, Plus Laser Payslip, custom wage slips and plus security wage slips printed through a laser printer with address, tax and NI included on it.

Portrait P60 printed through a high-technology dot matrix printer and Landscape P60 printed through a laser printer. Security P60 printed through high-technology dot-matrix printer and Mailer P60 through a laser printer. The service provider also offers a free salary calculator so that people can check that whether their employers have deducted the right amount of national insurance contribution and tax from their salary. So that they may know that they are not paying much on the name of taxes and contributions.

About the Author:

A Navid and N Ahmed is author of this article on P60. Find more information about Payslip here.