What happens when I stop receiving tronc?

Here is a quick video which you may find useful explaining 

P45 Information

You will automatically be issued a P45 after three months of receiving no Tronc payments.

If you need a P45 for a new employer, we recommend using the one from your main employment rather than the Supertronc P45, as the latter only covers your Tronc payments. This ensures your new employer applies the correct tax code.

Please don’t worry about the tax implications of your secondary payroll. HMRC receives monthly reports from your employer and will recognize that you are no longer receiving tips, adjusting your tax accordingly.

Your tax code determines the amount of income you do not have to pay tax on. Once you exceed this threshold, any additional earnings will be taxed at the basic rate (21%). HMRC updates your tax status monthly to maintain a consistent income throughout the tax year, but your tax payments will adjust proportionately if your earnings change.

You can check your tax code, review your income details for this tax year, and update your estimated earnings here: https://www.access.service.gov.uk/login/signin/creds

Your employer and TiPJAR SuperTronc will remain on your tax summary for this tax period since they contributed to your income during the year. Your P45 from your employer will provide your new employer with all the necessary details to ensure HMRC stays up to date.

Your tax code at your new job will remain the same. TiPJAR used the BR tax code, meaning your overall tax-free allowance remains unchanged, regardless of how many jobs you have.

Thanks again for being a part of Supertronc!