What you will get
The P45 has four parts. Your employer will:
Why do I get it
Your P45 also tells your new employer whether or not you are making student loan repayments. Without the P45 your new employer will be unable to carry on taking student loan repayments until the Student Loans Company (SLC) issue a new start notice.
Because your new employer will not have your tax code, he will give you a form P46 (PDF 59K) to fill in. He will then send this to us. You may find that you pay too much tax until we deal with the P46 and let your employer know your tax code.
There might also be a gap in your student loan repayments. At the end of the year you could find that if you have not made sufficient repayments you could be charged interest by the SLC. To avoid this you should phone the SLC Helpline: 0800 50 40 10. You will need your student support or student loan account number.