The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
The next meeting of the CSL Consultation Group takes place on 28 June where Samantha Mann, Senior Policy & Research Officer will share these findings for discussion.
If you have any issues or topics you would like raised at this meeting, please email policy with CSL as the subject by 24 June.
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CIPP webcast on Student Loans 28 June 2016
The CIPP Policy Team has produced a short webcast which provides an overview of the Student Loan changes that came in on 6 April this year and some of the feedback received from members.
The webcast includes feedback on Employer Prompts and a summary of the additional loan repayment plans in the pipeline.
CIPP webcast on Student Loans
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Student Loan guidance updated 22 July 2016
Additional content has been added under 'Starting Student Loan deductions and checking plan type' for employers who receive SL1 start notices for employees from whom they are not required to make National Insurance deductions.
Student loan repayments: guidance for employers details how different circumstances affect employees' student loan deductions.
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Student Loan notices: which plan to apply? 28 July 2016
Over the last few weeks we have had several queries from members regarding SL1 notices not indicating whether Plan 1 or 2 should be applied. HMRC has provided an update on this issue.
We naturally contacted HMRC when we first received queries on this subject and they were looking into this issue. A fix has been organised but has been delayed. The expectation is that plan type information should be visible on the notices HMRC are issuing by mid-August.
In the meantime, employers can check plan type information by asking their employee, who if they don’t know should contact the Student Loans Company directly, or by referring to their completed starter checklist.
The default Plan is always Plan 1 so this should be applied until confirmation has been received.
For clarification, this issue relates specifically to SL1 Start Notices for employees who entered repayment prior to April 2016.
Related CIPP news
Student Loan employer prompts being sent to pension providers - 4 May 2016 Employer prompts for student loan deductions - 25 April 2016
The Chartered Institute of Payroll Professionals
Policy News Journal
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