What is a P45?
P45 is the reference code of the “Details of employee leaving work” tax form. It’s an essential Pay As You Earn (PAYE) form.
A P45 contains useful information such as the tax code applicable to you when you left your previous job, your National Insurance number and any student loans you may be still paying off.
When will the P45 be issued?
As a UK employer, it is legally required to provide a P45 to employees when they leave your company. Onfolk simplifies this process by automatically issuing the P45 with the employee's final payslip. Before the employee departs, ensure their profile email address is updated to a personal one to receive these documents. P45s can't be issued earlier as they include data from the final pay and tax calculations.