In the past 6 years, I was promoted twice, from P3 to P4, then a few years later, from P4 to P5. However, I found out that my salary is still within the P3 band (actually 10k below max P3 range). This is not knowledge typically shared with employees. How can I use this knowledge to my advantage during my annual performance review in order to get a higher salary?

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Yes, bring it up to your boss.

However, I think you might be better off looking for a new job. Your bosses knew you were underpaid and didn't fix it, and even if your boss agrees to give you a raise it won't be as much as you could get elsewhere. Companies always whine and complain about "poor employee loyalty" and "no one wants to work," but they are the ones who take advantage of their legacy employees.

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You use it to your advantage by finding a new job. lol I feel like this rather obvious but I’ll say it too

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