Your employer provides you with a P45 when you stop working for them. It is a record of your pay and tax so far in the tax year. It shows:
- Pay As You Earn (PAYE) reference number
- National Insurance number
- Date of leaving employment
- Tax code
- Earnings in the tax year
- How much tax you have paid.
A P45 has 3 parts:
- Part 1A
- Part 2
- Part 3.
The table details what happens to the parts of your P45 when you leave your job and immediately receive your pension from Kent Pension Fund. It shows the comparison of what happens to your P45 when you leave your job but you are not taking your pension.
| P45 part | When you leave your job and immediately receive your pension from Kent Pension Fund | When you leave your job but you are not taking your pension |
|---|---|---|
| Part 1A | Your employer provides you with Part 1A. You keep this for your own records. | Your employer provides you with Part 1A. You keep this for your own records. |
| Parts 2 and 3 | Your employer gives you Parts 2 and 3. You should email them to the Pension Payroll Team at pensions.payroll@hrconnect.org.uk They apply the P45 to the payment of your pension. Part 2 and 3 are kept by the Pension Payroll Team. | Your employer gives you Parts 2 and 3. If you are starting a new job, or claiming Jobseeker's Allowance, you give Parts 2 and 3 to your new employer or to the Jobcentre. |
The Pension Payroll Team notifies HMRC that you are starting to receive a pension. HMRC use this information to give you a new tax code and make sure you pay the correct amount of tax on your pension payment.