Student loans

If you take on an employee who has received a student loan, then you need to make deductions to repay the loan once their income reaches a certain threshold.

At the moment, the threshold is £15,000 p.a. (gross). Student loan deductions must also be made through the PAYE system using form P11.

Further Reading

• Calculating PAYE
• Employees on the payroll
• Paying the Inland Revenue
• PAYE Forms
• Payslips
• Statutory pay
• Working Tax credits
• Student loans