P45

noun

A form that an employee receives when they terminate their employment, detailing income for social security and taxation purposes for the current financial year.

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Meanings

nounP45 (plural P45s)

plural P45s

  1. IrelandUKA form that an employee receives when they terminate their employment, detailing income for social security and taxation purposes for the current financial year.
    1 more example

    2012, Forbes, Has Unconventional Oil Production Peaked? Get any concessions wrong in advanced markets, and CEO’s know they’ll pay a very heavy price on stock markets. ‘P45’s’ all round, and that’s before we consider any national flags involved, or the small fact that host nations are piling on pressure to get pumps working, donkey’s nodding and receipts rolling in.

Synonyms & antonyms

Also see
pink slip

Origin

The form number designated by Britain's HM Revenue and Customs department.

Full word history & related roots →

Translations

Czech zápočtový list
  • zápočtový listform that an employee receives when they terminate their employment
Cite this entry
APA

P45. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/P45

MLA

“P45.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/P45. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “P45,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/P45.

Source: P45 on Wiktionary, CC BY-SA 4.0.