![]() ![]() your new employee’s P45 shows deductions should continue - ask your employee to confirm their plan or loan type, or both. ![]() You will need to include these on your Full Payment Submission if any of the following apply: Start making student loan or postgraduate loan deductions, or both, from the next available payday using the correct plan or loan type or both. ![]() Your employee may be liable to repay a postgraduate loan at the same time as a student loan (Plan 1 or Plan 2 or Plan 4). Use the same gross pay amount that you would use to work out your employer’s secondary Class 1 National Insurance contributions. You should work out the correct figure of employee earnings on which student loan and postgraduate loan deductions are due. Starting student loan and postgraduate loan deductions - checking plan and loan type Postgraduate loans - £21,000 annually (£1,750 a month or £403.84 a week).Įmployees repay 6% of the amount they earn over the threshold for postgraduate loan.
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