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New Quick Poll: Do you believe that employers and employees would benefit from the inclusion of student loan and postgraduate loan plan types on P45 forms, particularly during the new starter process?
Published: 11 September 2023 Emailed: 13 September 2023
The latest Quick Poll is now available on the CIPP’s news page. The CIPP want to know if you believe that employers and employees would benefit from the inclusion of student loan and postgraduate loan plan types on P45 forms, particularly during the new starter process. Is the P45 a diminishing form or does it just need some tender-loving-care? Currently the P45 form only has a box where an ‘X’ is marked if student loan deductions for a new starter are to continue from the previous employer. With postgraduate loans and different types of plans for student loans, will employers and employees benefit from the P45 form allowing indication of these. Having this potential feature on the P45 form, can aid in ensuring employees are on the correct plan type, reduce payroll errors, lessen the administration burdens for employees / employers, reduce contact with HM Revenue and Customs (HMRC) and also speed up the new starter process for an employer / agent.
Have your say and take part in the Quick Poll now. The Quick Poll should take less than a minute to respond to, and we would like to thank you in advance for your participation.
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Quick Poll results: Do you believe the inclusion of student loan and postgraduate loan plan types on P45 forms would be beneficial?
Published: 26 September 2023 Emailed: 27 September 2023
Thank you to all those who answered our previous quick poll.
The results were as follows:
Answer
Responses %
Yes
96
No
4
A significant 96% feel employers and employees would benefit from the inclusion of student loan and postgraduate loan plan types on P45 forms. Whereas 4% feel this will not be beneficial.
Some of the shared comments in the ‘Have your say’ box, stated that :
P45s should be abolished completely
•
• P45’s are rarely received from employees and are usually before HM Revenue and Customs (HMRC) have sent a P6 notice • P45’s can be inaccurate, as they don't take into account payments after leaving • with real time information (RTI) there is a question to whether paper P45s are required anymore.
The CIPP policy team sit on the student loans consultation group and have shared these results with HM Revenue and Customs. From this valuable research, we hope that it can help shape future decisions.
Your input really is appreciated, please keep taking part in our Quick Polls and continue to have your say.
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