This page provides all possible meanings and translations of the word P45
WiktionaryRate this definition:(0.00 / 0 votes)
A form that an employee receives when they terminate their employment, detailing income for social security and taxation purposes for the current financial year.
FreebaseRate this definition:(0.00 / 0 votes)
A P45 in the United Kingdom, and the Republic of Ireland is the reference code of a form titled Details of employee leaving work. The term is used in British slang as a metonym for termination of employment. The equivalent slang term in the United States is pink slip.
A P45 is issued by the employer when an employee leaves. It is a multipart form.