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Final UK Tax Year and Student Loans Before Moving Abroad

Lock down your last UK tax year, align PAYE and Self Assessment with SLC, and leave the country without hidden loan surprises or messy underpayments.

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The student loan system doesn't care about your calendar year or departure date. It cares about UK tax years, HMRC records, and whether your final year of income is properly captured and linked to your loan before you disappear overseas.

If you leave the UK without understanding your final tax year, you create a black hole: PAYE stops, Self Assessment is half-done or not done, HMRC data is incomplete, and SLC is left with gaps. Gaps get filled with assumptions, not generosity.

The goal here is simple: close your last UK tax year cleanly, ensure the right student loan deductions are recorded, and then transition into the overseas system with no hidden timebombs from the year you left.

P45, P60 and Payroll: Closing Out UK PAYE Cleanly

For most employed people, your final interaction with the UK system is through payroll. That's where your last student loan deductions happen before you go overseas.

Core documents from your last UK job

  • P45: issued when you leave an employer. Shows total pay and student loan deductions with that employer in the current tax year.
  • P60: issued after tax year end (5 April). Shows total pay and deductions for the full tax year with that employer.
  • Final payslip: shows last student loan deduction amount and confirms when payroll actually stopped.

What you do with these

  • Keep digital copies: you will need them for your final Self Assessment, if relevant.
  • Use them to verify that student loan deductions match what appears in your SLC account.
  • If leaving near year-end, make sure you know whether your P60 will be sent to your old address or to a new correspondence address.

Do not assume "my employer will sort it". Their legal duty is to HMRC, not to your loan record. You verify the deductions actually appear against your student loan account before you vanish abroad.

Self Assessment in Your Last UK Tax Year

If you are in Self Assessment, your student loan is partly handled by PAYE and partly by your tax return. When you leave the UK, you still complete a final return for the tax year in which you stopped being UK resident or stopped having UK-source income.

Key points for the final Self Assessment

  • You still file for the tax year that includes your departure date, even if you spent part of that year abroad.
  • You tick the student loan box so HMRC calculates any extra loan repayment on non-PAYE income (freelance, rental, dividends etc.).
  • You include UK income up to the date you stop being UK resident and, in some cases, overseas income for part of the year depending on your residency status and split-year rules.
  • HMRC calculates a balancing student loan payment due on 31 January following the end of that tax year. That is your final UK-year catch-up.

Your final UK tax return is not optional just because you've left. Until HMRC has a completed return and any balancing payment, your student loan record for that year is incomplete.

How HMRC Tax Data Flows Into Your Student Loan Account

SLC does not sit inside HMRC. They receive data feeds. If those feeds are wrong or incomplete, your student loan record is wrong or incomplete. You do not fix SLC by shouting at SLC; you fix the HMRC record first.

Two main data streams

  • PAYE stream: every payslip with a student loan deduction is reported via RTI (Real Time Information) to HMRC, then summarised and passed to SLC for that tax year.
  • Self Assessment stream: HMRC calculates additional student loan due on non-PAYE income and passes that figure through when the return is processed and paid.

What this means for your final UK year

  • If PAYE was wrong, you correct it via HMRC, not via SLC.
  • If Self Assessment missed the student loan box, HMRC undercharged you; you fix it with an amended return, not by ad hoc payments direct to SLC.
  • SLC updates once HMRC confirms the corrected figures. You then reconcile SLC statements with your own records.

Leaving Mid-Tax-Year: Split Income, Split Evidence

Most emigrants leave mid-year. That means part of the tax year is UK salary, part is overseas income, and you are trying to close your UK record while setting up your overseas status with SLC.

You treat the year as two sections

  • UK section: salary and deductions up to your departure date. Captured via P45, P60, and Self Assessment if relevant.
  • Overseas section: income and residence after you leave. Captured via Overseas Income Assessment and local evidence.

What you actually do in practice

  • File the UK Self Assessment including UK income up to departure (and overseas income if required by residency rules).
  • Pay any balancing student loan amount due via that return.
  • Simultaneously complete the Overseas Income Assessment based on your new country and current income position.
  • Accept that the final UK tax year and the first overseas assessment period will overlap in time. That is normal; the systems are separate.

Overpayments and Refunds: When You’ve Paid Too Much

The last UK year is where overpayments are common: bonus-heavy months, late HMRC updates, or PAYE still deducting loan repayments after you hit the point where you've fully cleared a balance.

Scenarios where refunds arise

  • You have cleared the loan but your employer keeps deducting for a few more months.
  • You switch plan types or reach a write-off event and deductions continue by mistake.
  • HMRC recalculates your tax and student loan liability downwards after an amended return.

Process to obtain a refund

  • Wait until HMRC has finalised the tax year and passed updated figures to SLC.
  • Check your SLC statement to confirm the official overpayment amount.
  • Request the refund from SLC through their standard overpayment process.
  • Make sure they have your correct overseas bank details or UK account that will remain open long enough to receive funds.

Do not engineer an overpayment just before leaving because you "want to get ahead". On income-contingent loans, overpaying rarely changes your lifetime cost unless you are a genuine high-earner who will fully repay anyway.

Underpayments and Catch-Up Deductions

Underpayment in the final UK year usually comes from PAYE not being switched on in time, missed payroll flags when you changed employer, or Self Assessment returns that didn't tick the student loan box.

Where underpayments typically appear

  • New employer did not tick the student loan field on their payroll system.
  • You had secondary income (freelance, rental) and didn't declare it with student loans enabled.
  • You turned off deductions on purpose expecting the loan to "sort itself out later".

How the catch-up works in practice

  • HMRC identifies that based on your income, more loan repayments were due for that tax year.
  • They calculate the additional amount and add it to your Self Assessment bill or adjust your tax code if still in the UK.
  • Once paid, that extra amount flows to SLC and appears as an additional repayment for that year.

Ignoring HMRC demands and leaving the country does not erase the underpayment. It simply turns manageable arrears into a long-term mess that SLC will chase via overseas collections.

Switching From PAYE to Overseas Assessment

Your final UK tax year and the start of your overseas status overlap. You do not wait for the last UK tax return to be filed before starting the overseas process. You run both timelines in parallel.

Clean sequence

  1. Notify SLC that you are leaving and request the Overseas Income Assessment pack.
  2. Update correspondence address, email, and phone to something stable.
  3. Complete your final Self Assessment for the UK tax year that includes your departure.
  4. Confirm with SLC that your status is now "overseas" and that a repayment level has been set based on your new income.
  5. Once both systems are updated, you have a closed UK year and an active overseas repayment profile.

Contractors, Self-Employed, and Side Income in the Final Year

If you have mixed income – PAYE plus contracts, or you're fully self-employed – your final year is more admin-heavy. Still manageable if you treat HMRC and SLC as separate systems that both require clean numbers.

UK side of the fence

  • Declare all UK income on your final Self Assessment return.
  • Tick the student loan box so HMRC can compute the correct loan charge.
  • Pay the Self Assessment bill in full; that includes the loan element. Only then is your UK year complete.

Overseas side of the fence

  • For freelance or business income abroad, use profit figures, not turnover, on the Overseas Income Assessment.
  • Provide tax returns or accounting summaries in your new country when available, even if the system is different to the UK's.
  • Do not mix up "declaring to HMRC" and "declaring to SLC"; they are different processes with different forms.

Common Mistakes and Concrete Examples

You avoid errors faster by seeing exactly how other people have broken the system before you.

Example 1: PAYE switched off too late

Borrower leaves UK employment in February, employer forgets to stop student loan deductions until April, tax year ends, overpayment happens. Borrower leaves UK, closes UK bank, ignores P60. Two years later they realise SLC thinks they paid more than they actually did because HMRC data is wrong. Fix would have been: check final payslips and P60, keep the UK account open long enough for reconciliation and any refund, then request correction and refund while still easy to prove.

Example 2: Self Assessment student loan box unticked

Contractor with £45k PAYE and £20k freelance income forgets to tick the loan box on Self Assessment in the final UK year. HMRC charges income tax but no loan catch-up. SLC records only PAYE deductions. Years later, HMRC revisits the return, charges backdated student loan repayment plus interest. The fix should have been obvious: final Self Assessment, student loan box ticked, balancing payment made before leaving.

Example 3: No final return, straight to overseas

Borrower leaves UK in June, ignores the next January Self Assessment deadline, focuses only on Overseas Income Assessment. HMRC flags non-filing, issues penalties, and student loan underpayment remains unresolved. Overseas assessment does not magically backfill the missing UK year. Proper path would have been: final UK Self Assessment plus overseas assessment in parallel.

Practical Checklist: Final Year Tax and Loan Alignment

Strip it down to a list. If you cannot tick these, you have unfinished UK-side admin before you start pretending you're "fully overseas".

  • You have digital copies of your final P45, P60 (if issued), and last payslips.
  • You know whether you are required to file Self Assessment for the final UK tax year. If yes, the return is submitted.
  • On that return, the student loan section is completed correctly, and any balancing payment has been paid.
  • You have checked that SLC statements show the same tax-year totals that your own records show.
  • You have notified SLC of your move and requested the Overseas Income Assessment.
  • Your email, phone, and correspondence address in the SLC account are ones you will still control.
  • You have basic documentation ready for your new country's income (or lack of income) to feed the overseas assessment.

Quick FAQ: Edge Cases Around Departure and Tax Year-End

“I left the UK years ago and never filed the final return.”

Then your HMRC and SLC records are wrong. You clean it by filing outstanding returns and dealing with penalties. There is no shortcut that bypasses HMRC.

“I was under the repayment threshold that year – do I still need to file anything?”

Threshold affects whether you owe repayments, not whether you owe a tax return. If HMRC expects a return, you file it, even at low income.

“Can I pay a lump sum at the end instead of sorting the final-year admin?”

You can throw money at SLC, but you still have an incomplete HMRC history if returns are missing. You fix the data, not just the balance.

“Does my first overseas tax return talk to SLC automatically like HMRC does?”

No. SLC does not receive data from foreign tax authorities. Overseas assessments run on documents you send them directly.

Close out the UK year properly, then go.

Final P45/P60, final Self Assessment, final HMRC-to-SLC data feed. After that, everything is an overseas problem – by design, not by accident.

👩‍🎓

Dr. Lila Sharma

UK Education Policy Specialist

With over 15 years of experience in UK education policy and student finance, Dr. Sharma founded Student Loan Calculator UK to help students navigate the complex world of student loans.