Need some help on P45’s and new jobs...

ftb_deena

Hi all! Hope I’m in the right place.

I left my old job at the end of September and haven’t yet received my P45.

Unfortunately, for many different reasons, I am leaving my current job at the end of November to start, again, a new job in December.

What do I do about P45s if my first job doesn’t send it out on time? Will I be emergency taxed? Do I give my next employer my P45 from my first job or my P45 from my current job?

Apologies, very confused and lost.

Thank you in advance.

Neil_Jones

If there is no P45 your employer will do the Starter Checklist. Previously this was the P46 but its no longer used.

Details are here:
https://www.gov.uk/new-employee/employee-information

Tax wise what used to happen was the flat rate emergency rate of taxation which was something relatively high, 20% I think it used to be and then you got back at a later date any overpayment. These days it basically comes out of your personal allowance and its worked out on a per pay day basis.

Savvy_Sue

When your latest P45 arrives, you give parts 2 and 3 to your new employer, the one from September is no use to them. HOWEVER you do need to check that you end up on the right tax code, having paid the right amount of tax.

Dazed_and_confused

You should avoid giving your new employer the P45 from the job you left in September.

You would probably be best advised to fill in the new starter form with your new employer.

This will mean you are put on the emergency tax code which is what you want to be on. This means you can earn upto £988/month before tax is deducted, just the same as the standard 1185L code.

If you get things wrong or don't complete the new starter form with your new employer you might end up paying 20% tax (code BR) which is far worse than emergency tax.