A form issued by your employer when you leave a job. It shows your total pay and tax deducted in the current tax year. You give parts of it to your new employer so they can apply the correct tax code.
Not sure your deductions are correct?
Related guides
Payslip Checklist Before You Quit: 12 Things to Check Before Resigning
Twelve must-do payroll checks before handing in your notice in the UK. P45 timing, holiday pay, notice pay, untaken leave, final pension contribution and tax-code reset.
Read guidePayslip vs P60 vs P45: What Each Document Tells You
Understand the difference between a payslip, P60, and P45. Learn what each document contains, when you receive it, and why it matters.
Read guide