Find assistance with making workers’ education loan and postgraduate loan (PGL) deductions in various circumstances.
Arrange and loan kinds and thresholds
With impact from April 2020, the thresholds to make student loan deductions are:
Workers repay 9% regarding the quantity they make on the threshold for Arrange 1 and 2.
Workers repay 6% for the quantity they make on the limit for PGL .
Beginning education loan and PGL deductions, checking plan and loan kind
You need to consist of these on the Comprehensive Payment Submission if some of the apply that is following
If youвЂ™re running off-payroll you’re not in charge of deducting student or postgraduate loan repayments for employees engaged through their companies that are own. The worker will account fully for education loan obligations within their very own taxation return.
In the event the worker doesn’t understand which loan or plan type theyвЂ™re on, question them to attend Repaying your education loan. Until you receive further instructions from HMRC if theyвЂ™re still unable to confirm their plan or loan type, start making deductions using Plan type 1.