New job - no student loan deduction in 1st payslip?

marky_p

I graduated in 2007 and have been paying my student loan back ever since.

I started a new job at the beginning of July and have just had my first payslip through, with no student loan deductions made.

I did only give them my P45 a couple of days ago.

Should I be worried about this? Will it be resolved once my P45 has been processed or is that inconsequential?

Comms69

is the p45 still valid?


in anycase, yes it should be resolved shortly.

marky_p

Comms69 wrote: »

is the p45 still valid?


in anycase, yes it should be resolved shortly.

What do you mean by valid? It was provided by my previous employer last week and I finished with them in mid-June.

Comms69

marky_p wrote: »

What do you mean by valid? It was provided by my previous employer last week and I finished with them in mid-June.

ah ok, p45s expire at the end of the tax year. Since we weren't miles away from it I was just checking.


Normally if you cant supply one when you start, you fill out a p46.


But yes in summary it will work itself out.

marky_p

Ah I see. That is great - thanks for your responses!

chrisbur

Comms69 wrote: »

ah ok, p45s expire at the end of the tax year. Since we weren't miles away from it I was just checking.


Normally if you cant supply one when you start, you fill out a p46.


But yes in summary it will work itself out.

P45s do not expire at the end of the tax year. Full details of action for an employer to take regarding P45 of any age can be seen here.
The most important part is the period at the start of the tax year when a code from last year,s P45 can be used.
https://www.gov.uk/new-employee-tax-code

P46s have now been replaced by starter checklists.

Comms69

chrisbur wrote: »

P45s do not expire at the end of the tax year. Full details of action for an employer to take regarding P45 of any age can be seen here.
The most important part is the period at the start of the tax year when a code from last year,s P45 can be used.
https://www.gov.uk/new-employee-tax-code

P46s have now been replaced by starter checklists.

Thanks - been a while since i've done one.


I stand corrected - though I don't understand what use a p45 would be from the last tax year

chrisbur

marky_p wrote: »

I graduated in 2007 and have been paying my student loan back ever since.

I started a new job at the beginning of July and have just had my first payslip through, with no student loan deductions made.

I did only give them my P45 a couple of days ago.

Should I be worried about this? Will it be resolved once my P45 has been processed or is that inconsequential?

Check part 1A of your P45 does this advise that student loan is payable?
What tax code was used on your payslip, if you completed a starter checklist then you should have advised if student loan was payable.
Were your earnings high enough to pay student loan?

Masomnia

Quite common for new employers not to start deductions right away.

I'd let your employer know and the SLC and then forget about it.