What is a P45 form?

It's a statement that summarises your tax contributions from employment for the current tax year.

A P45 is issued to you by your employer when you leave their employment or change jobs.

You should receive two copies of the P45. One for yourself and another to be given for your future employer.

What's in a P45

  • Your National Insurance number
  • When you left work
  • How much you earned in the given tax year
  • How much tax has been paid
  • How much National Insurance was paid
  • Your details & your employer's
  • Your last used Tax Code

What does a P45 look like

There is no standard format for a P45 (each may look a bit different) the but minimum information what must be on it is always the same.

P45-example-30.png

What is a P45 needed for

  • Preparing your income tax return (self assessment)
  • To be given to your new employer (if you've changed jobs)
  • Your tax records (to handle possible tax disputes)

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TaxScouts

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