Student Loan Deductions

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can someone please confirm the following regarding an employee who earns £2000 a month.<BR>1. The student loan deduction is £67<BR>2. The tax & nic stays the same<BR>3. The £67 is taken away from the gross pay reducing the net pay at the same time.<BR>4. A new column is entered on the payslip after gross pay showing the deduction.<BR><BR>If there is anything else that you think might be usefull to me please let me know. Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Student Loan Deductions

    Hi<BR><BR>That sounds ok to me.<BR><BR>Neil
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Student Loan Deductions

    Just a small point - The Gross Pay has to show the Student loan amount <BR>So <BR><BR>Gross Pay less<BR>NI and Tax and student loan =<BR>Net pay<BR><BR>

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