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HMRC have published an update to the currently position regarding the issue of student loan statements.

Last year, HMRC advised student loan account holders that some delays in processing employers’ annual returns had held up some student loan repayment information and that details of these student loan deductions had yet to be passed to the Student Loans Company.

HMRC have now confirmed that Whilst most of the affected employers’ returns have now been processed, they are aware that some account holders are still waiting for a statement from a previous financial year, or have received one which incorrectly shows deductions as ‘nil’.

Those people affected by this situation are being advised that there is "no need to worry" and that any deductions that have been made from an individual’s salary will be credited to their student loan account, and their monthly wage slips and P60s do provide an accurate record of the repayments they have already made. No additional loan interest will be payable as a result of any delays in repayments being credited to loan accounts because the Student Loans Company will adjust the interest charge retrospectively to reflect when repayments were actually deducted from earnings.

The Student Loans Company will issue updated statements when any outstanding repayment information is received.

Anyone who has not received an update or is still awaiting any final statements by April 2008 should contact HMRC.

HMRC make no apology for the delays in this update.

Link

HMRC: Important notice if your statement has been delayed