Copy of P60

M

Martina

Registered User
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Good morning! :)

We are about to go for mortgage approval and for the life of me I can't find my recent P60. Can anyone tell me how to go about getting a copy or how long it will take. I have already asked my employer and have been told that I can't get a copy from them. :(
Any help would be appreciated!
 
Martina said:
Good morning! :)

We are about to go for mortgage approval and for the life of me I can't find my recent P60. Can anyone tell me how to go about getting a copy or how long it will take. I have already asked my employer and have been told that I can't get a copy from them. :(
Any help would be appreciated!
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tax office afaik... give them a call , these things tend to take different times depending on where you are....
 
AFAIK the banks will actually want a form P21, not a form P60. LOL, that comes from someone who hasn't applied for a mortgage yet. I read it somewhere, but it does make sense. A P60 is just related to one employer. If you had two jobs on the 1st January you would have 2 P60's, but if you ring the tax office and ask them to send you out a P21 balancing statement that is related to your PPS Number and will detail all your earnings for whatever year you request.

It has the advantage/disadvantage that if you've over/underpaid PAYE for that year it'll be brought to your attention.
 
LDFerguson said:
Seems uncooperative of your employer not to provide you a duplicate. Did they say why?
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Probably because when they issued the first one, they made a point of telling you that it was an important document and reminded you to keep in it a safe place and you thought 'blah blah blah blah blah'.
 
It was defo a P60 that they asked for and yes when my employer sent out the original P60 there was a note with it saying that it was an important document etc, etc.
But I moved apartment a couple of months ago and I think I ended up shredding it then along with old bank statements and the like.
And the laughable thing about it is I have every other P60 dating back to the year dot. Everyone except the one I want!
 
P60s are a little skewed nowadays though because of BIK. If your employer was paying for your VHI, your spouses and say your 3 kids, that would be an extra 2k+ of income as far as your P60 sees it.

2K of phantom income for tax purposes only, which in a mortgage where a multiple of income is being allowed, could get you an extra 10k of a mortgage.

Since the BIK came in, I can't understand why the P60 is not split into actual income and income for BIK.
 
legend99 said:
P60s are a little skewed nowadays though because of BIK. If your employer was paying for your VHI, your spouses and say your 3 kids, that would be an extra 2k+ of income as far as your P60 sees it.

2K of phantom income for tax purposes only, which in a mortgage where a multiple of income is being allowed, could get you an extra 10k of a mortgage.

Since the BIK came in, I can't understand why the P60 is not split into actual income and income for BIK.
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Don't most mortgage forms have spaces for other income anyway? I would have thought that many of these benefits are a form of "other income". Many people would be paying VHI anyway so if your employer pays it is the same as extra income, nothing phantom about that.
 
dam099 said:
Don't most mortgage forms have spaces for other income anyway? I would have thought that many of these benefits are a form of "other income". Many people would be paying VHI anyway so if your employer pays it is the same as extra income, nothing phantom about that.
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it is not money you receive in your paycheck....its put on to your paycheck so that tax can be applied. Its then deducted from your pay check.

So they add 100 euro, you pay your 42% and 6% if applicable, and then they deduct 100 euro.
Meanwhile your tax is up by 48 euro.

Additionaly, other income is usually not multiplied up I thought by mortgage companies. So if you say you get a bonus they do not multiply this by 3.75 or 4. Just by 1. So the VHI payments could get you that extra 10k..
 
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