P45
A Tax form P45 is issued A P45 by the University when an employee leaves. It contains details of earnings and tax paid during the tax year and is a multipart form; the front section, Part 1, is given by the University to Her Majesty's Revenue and Customs, who then record the pay and tax details on to the individual's taxpayer record. The employee keeps Part 1A, and Parts 2 and 3 are given to the new employer, who in their turn sendit on to their tax office. When staff retire on pension, Parts 2 and 3 are sent direct to the relevant pensions authority (who are in effect, the new ‘employer’).
