Is it 'vital' to tell your employers that you need to pay student loan?

Theresonly1

Or do your employers automatically know from HRMC acknowledging them?

Tixy

You need to tell them.
Usually by ticking the relevant box on the p46 (for your first job), or it should be on your p45. Even if its not on your P45 you need to tell them.

HMRC do not tell your employer automatically..

natscat84

It depends - is this your first job out of uni, as in, when you join the company, it's not the next tax year after you graduate? If it is the same tax year in which you graduated, you don't need to tell them. In my experience, HMRC will start taking it automatically the April after you graduate, but then I had the same employer straight after uni and didn't change jobs.

Even if you don't tick the box, they will still take it out of your pay if you're eligible for repayment, as my friend found out.

CLAPTON

natscat84 wrote: »

It depends - is this your first job out of uni, as in, when you join the company, it's not the next tax year after you graduate? If it is the same tax year in which you graduated, you don't need to tell them. In my experience, HMRC will start taking it automatically the April after you graduate, but then I had the same employer straight after uni and didn't change jobs.

Even if you don't tick the box, they will still take it out of your pay if you're eligible for repayment, as my friend found out.

this is incorrect

you are obliged to tell your employer that you have a student loan even if it is not actually due for payment until the following april.

natscat84

CLAPTON wrote: »

this is incorrect

you are obliged to tell your employer that you have a student loan even if it is not actually due for payment until the following april.

Really? Well, they do say you learn something new every day!

Apologies for incorrect advice - I always thought that the box you ticked was for 'if you have student loans AND have finished your course before such and such a date' so they could calculate it. After that, doesn't it just follow you from employer to employer (as it has done with me)?

CLAPTON

natscat84 wrote: »

Really? Well, they do say you learn something new every day!

Apologies for incorrect advice - I always thought that the box you ticked was for 'if you have student loans AND have finished your course before such and such a date' so they could calculate it. After that, doesn't it just follow you from employer to employer (as it has done with me)?

well, I'm not sure now; maybe you are correct and I am wrong

DCFC79

You shoudlnt reply on hmrc to tell the employer, might take them months to tell the employer.

Glennn

Yes you should tell them. It will either be on the P45 from your previous employer (if you told them) or on a P46 you tick to say you finished your course the last tax year (before 6th April).

If you lie you won't get very far, after a couple of months HMRC will realise and send a student loan notice to the employer to start deducting.

Edwardia

I'd suggest that if you say nothing HMRC will cotton on eventually and mess with your tax code so better to be upfront about it.

Glennn

Edwardia wrote: »

I'd suggest that if you say nothing HMRC will cotton on eventually and mess with your tax code so better to be upfront about it.

They wont "mess" with your tax code, they just send a notice to the employer to start deductions.

Fiddlestick

Edwardia wrote: »

I'd suggest that if you say nothing HMRC will cotton on eventually and mess with your tax code so better to be upfront about it.

And demand the back payments too.