Monday, October 26, 2009

Student loan repayments references.?

What references dose my employer need to have when handing my money over to HM R%26amp;C?



Student loan repayments references.?

The SLC will tell HMRC when you finish or leave your course and will give them details, such as your name and National Insurance number. HMRC will check to see if you are working and if you are, they will tell your employer that you have a loan (but not how much).



Employers may also be told that they need to make deductions though normal tax forms. When you change your job or start work for the first time, you will have to give your new employer either a P45 or P46 form. These both have a section to let your new employer know they need to start taking amounts for student loans. If you have a P45 from a previous job, your last employer should have put a 'Y' in this box for you. On the P46 form there is a box which you must tick if you are due to start repaying your loan.



You can ring the HMRO helpline on 01355 275401 if you have any further queries or the SLC on 0845 6077577.



Student loan repayments references.?

Can you clarify HM R%26amp;C?

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