justpayingmytax

Thank you HMRC Admin 21!

Thank you HMRC Admin 19, but I'm asking about how P45 works, namely how it reflects severance payment that's delayed to the next tax year. I can't be the only person in this situation and there must be rules governing this type of situation. Thanks again

Hi tax experts! I left my last job in the tax year 2023/2024. I was given severance payment, but I requested the payment to be delayed until the tax year 2024/2025 (which they did). I now have the following questions: - I understand that I should get a P45 for the tax year 2023/2024 (because my employment ended in that tax year). Should I also get a P45 for the tax year 2024/2025 too (because my severance was paid out in that tax year)? - If I only get a P45 for the tax year 2023/2024, will it include my severance payment? And if it does, I suppose I have to manually subtract the severance sum from it?