They start off as loans but then are collected for 30 years through payroll as soon as the employee graduates. That’s all nice and easy for the government but not so simple for employers. Why not?
Published 18.05.2018
Employers have been collecting student loan deductions since 2000, but the process became more complex in 2016 with devolution promising further change. What processes are impacted for employers like
you?
Published 10.02.2017
If you employ staff with postgraduate loans, you’re required to start making deductions through payroll in addition to undergraduate loans. Are you up to speed with the process changes?
Published 18.04.2019
Given the significant amount of money loaned to students undertaking degree level study, repayments are a lifetime commitment. Employers have a key role to play in collecting the repayments. What are
the main considerations?
Published 15.04.2021
As another cohort of graduates joins the workforce, some with £50,000 worth of debt repayable through the payroll system, what questions might you get asked about repayments?
Published 19.09.2019
From April 2021 Plan 4 student loans will be introduced affecting 500,000 Scottish borrowers who will see the loan earnings threshold rise to £25,000. What do you need to do now to prepare for
their introduction?
Published 15.10.2020
Employers play a crucial role in collecting student loan repayments on behalf of HMRC. However, from 2016/17 onwards, there are two plan types to contend with. How might this affect you?
Published 15.12.2016
The new tax year is almost upon us, meaning potentially lots of changes for you to get to grips with. If you don’t, employees will be the first to let you know. So what are they key changes this time
around?
Published 14.03.2019
It’s up to the payroll team to ensure that student loan repayments are being deducted from wages by checking the correct student loan plan is selected. How can you prepare for the student loan
changes being introduced later in 2023?
Published 20.06.2023