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Finance Office - P60 | Finance

Last Updated: Feb 2019

P60

A P60 is a VALUABLE DOCUMENT, it is important that it is kept safely. This document is available via Coreportal Page (Link below) with the exception of Part Time Claim Form Staff and some DCU Retirees (whom have no means to access Coreportal) will receive Paper Copy of the document.

https://www.dcu.ie/pls/coreportal_live

It may be required for dealings with the Inspector of Taxes (Revenue) as this is evidence of tax, PRSI, Universal Social Charge and LPT deducted by your employer in the relevent tax year.

You may also require this document as evidence if you claim social welfare benefits within the next two years through Department of Social Protection (DSP)

or you may need to submit a copy to a lending agent as proof of earnings when applying for a loan.

Pay (Column (A) Pay, No. 3):

As Tax Relief has been given at source by DCU on the following deductions (subject to approved limits), your Gross pay quoted on the P60 equals your Actual Pay PLUS any taxable benefits (notional pay) received or Benefit in Kind if appropriate, LESS any of the following schemes that you may have contributed towards within the Tax Year:

  • Standard DCU Pension Contributions,
  • Group Life Contributions
  • Income Continuance Plan
  • Added Voluntary Contributions
  • Purchase of Added Years
  • Purchase of Temporary Years
  • Purchase of External Service
  • Easi Travel Scheme
  • Cycle to Work Scheme
  • Public Services PRSA
  • Pension Related Deduction (PRD)

Local Property Tax (See Column (C) :

This figure reflects LPT deducted within the tax year if you opted to pay via Salary Deduction

Universal Social Charge(See Column (D) Pay for USC Purposes, No 3) :

This column will show your gross pay for USC purposes and USC paid. Your USCable income will include ALL income paid by DCU Less any contributions to Cycle to Work Scheme, Easi Travel Scheme and any Social Welfare payment (Illness\Maternity\Paternity\Adoptive Benefit) reflected in your pay runs for the tax year.

P21 Balancing Statement from Revenue:

It is always advisable to request a balancing statement (P21) from the Inspector of Taxes; this will keep your tax affairs up to date. This should be done via Revenue Online Service via myAccount. There is no need to submit your P60 as the details will be available to Revenue on line. For further details on this system see Revenue link

Note: There is a four-year  time limit on claiming refunds of tax or Universal Social Charge

IMPORTANT NOTICE

FOR THE TAX YEAR 2019 AND SUBSEQUENT YEARS, YOUR EMPLOYER WILL NO LONGER BE REQUIRED TO PROVIDE YOU WITH A P60.   INSTEAD, REVENUE WILL PROVIDE YOU WITH RELEVENT PAY AND TAX DETAILS.   

THE EASIEST WAY TO ACCESS YOUR DETAILS AND MANAGE YOUR TAX AFFAIRS IS BY myACCOUNT CLICK ON THIS link TO LOGIN OR REGISTER