P45 and emergency tax

[davidandrew]

Hello, I have (Ithink) a straightforward question, but HMRC have been no help on the phone. My situation is this:

End of March 2025 I ceased working for my own limited company, and received a P45 (which I still have)

In the meantime, I have lsemi-retired, and lived mainly from private pension income (tax-free portion) and doing a few odd jobs for people (I've received a few hundred pounds so far. I guess I'll have to register for self-assessment.

I am now in the process of withdrawing the first tranche of taxable pension income from my pot, and the amount I'm getting is subject to tax at the emergency rate (quite a chunk!)

My questions are:

1) What do I do with my P45?

2) How do i get off emergency tax?

3) If I don't get a part-time job with an emplyer, am I going to have to do self-assessment from now on?

Many thanks inadvance, and thanks for reading.

David

[D&C]

1). Keep it somewhere safe.

2). The emergency tax code is 1257L, what code do you think you should have? Have you checked your Personal Tax Account to see if anything has changed since the first taxable payment was reported to HMRC?

3).Why would getting a part time job have any relevance to whether you needed to file a tax return or not

You may find it useful to read up on the Trading Allowance.