What if the employee leaves my employment while they are abroad and starts with an overseas employer?
A. You should issue a P45 with a ‘Y’ in box 5 (Student Loans). The overseas employer will not make Student Loan deductions. The employee will be expected to contact Student Loans Company to set up a repayment schedule. If the employee starts with a UK employer again, the P45 will make sure that Student Loan deductions are made. If the P45 is not available, the new P46 will have the same result.
Related Questions
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- What if the employee leaves my employment while they are abroad and starts with an overseas employer?
