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What is the difference between a P45 and a P60?

What is the difference between a P45 and a P60?

P45 is the form which an employer is required to give an employee when s/he leaves that employment. It shows the pay, tax, code number from 6 April to the date of leaving.
P60 is issued to all employees who are in employment at 5 April in any year and have paid tax. It shows gross pay, tax, NIC, code number, etc.
Neither form may be duplicated so look after them!

P45 if the form you get when you leave your employ - statement of tax pay and wages etc to that date. You give that to your new employer.

P60 is your annual statement of taxes paid ect.

15.

P60 is a record of your earnings in the last tax year.

P45 is the document you get from your last employer and pass on to your next employer. It contains record of pay and deductions in the current tax year, your National Insurance No. and your tax code.

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