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Leaving one job to start another
If you are already making student loan repayments, your new employer
will continue to make deductions if your new income is above the starting
limit. The starting limit is currently £15,000 a year (£1,250
a month or £288 a week).
What your old employer will do when you leave
Your old employer will:
- give you a form P45 (parts 1A, 2 and 3) (PDF
65K) which will show that you are a student loan borrower
- send us part 1 of the P45.
It is important that you get a P45 when you leave - if you don't, contact your
old employer immediately. If you can't get one contact your Tax Office:
use Contact Us to find out which
one.
What you should do
You should:
- keep parts 2 and 3 of your P45 safe until you start your new job
- keep part 1A for your own records.
When you start your new job
You should give your new employer parts 2 and 3 of your P45 as soon as
you start your new job.
What your new employer will do
Your new employer will:
- send part 3 of your P45 to us to let us know you have now started
a new job
- start making student loan deductions from your first pay day if your
income reaches the starting limit.
If you don't give a P45 to your new employer
If you don't give your P45 to your new employer:
- your employer will not know about your student loan until we tell
them
- you may pay too much tax
- you will have to fill in a form
P46.
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