ChatterBank1 min ago
New job - student loan
2 Answers
Does anyone know what happens to the repayments of your student loan when you move jobs?
At my previous job I was paying monthly repayments and it came off as a seperate payment of 'student loan', however I have a new job with the NHS and so far (after 2 pay's) it doesn't seem to come off. Tax, NI and my pension comes off but no student loan.
I thought it would automatically get transferred over to my new job, am i supposed to contact the SL company to give them the details fo my new job?
Thanks
At my previous job I was paying monthly repayments and it came off as a seperate payment of 'student loan', however I have a new job with the NHS and so far (after 2 pay's) it doesn't seem to come off. Tax, NI and my pension comes off but no student loan.
I thought it would automatically get transferred over to my new job, am i supposed to contact the SL company to give them the details fo my new job?
Thanks
Answers
1 to 2 of 2
Best Answer
No best answer has yet been selected by emcgui11. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
There shouldn't be any need for you to do anything.
There is a marker on your P45 which tells the new employer to deduct Student Loan repayments.
If that marker wasn't correctly set, or if you didn't hand in a P45, Student Loan deductions may not start immediately. HMRC will eventually write to your employer with a Start Notice, telling them to start deducting Student Loan repayments.
If you didn't hand in a P45, you could ask your personnel department for a P46 form. Box D should be ticked to show that you are a Student-Loan repayer. However, the situation should sort itself out shortly, so there probably isn't anything to worry about.
There is a marker on your P45 which tells the new employer to deduct Student Loan repayments.
If that marker wasn't correctly set, or if you didn't hand in a P45, Student Loan deductions may not start immediately. HMRC will eventually write to your employer with a Start Notice, telling them to start deducting Student Loan repayments.
If you didn't hand in a P45, you could ask your personnel department for a P46 form. Box D should be ticked to show that you are a Student-Loan repayer. However, the situation should sort itself out shortly, so there probably isn't anything to worry about.
-- answer removed --
1 to 2 of 2
