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Is my money safe with Tide?

What happens if I’ve missed student loan deductions in a previous payroll?

If you’ve missed deductions, HMRC will issue an SL1 notice for the next payroll, instructing you to start making them. There’s no need to backdate the missed payments, though you can make direct payments to the Student Loans Company if they wish.

If anything happens to Tide, your money won’t be affected - it’s held by the account provider.  

If ClearBank goes into liquidation, The FSCS can step in to compensate you for up to £85,000, if you’re eligible.

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