How do I add a student loan?

Summary

The following article explains how to enter and keep track of an employee's student loan repayments.

If you are unsure about student loans, please refer to the information you will have been provided with by HMRC explaining the rules governing statutory pay or visit the HMRC web site here. You will have received a notice to start collecting student loan repayments from an employee, and you will receive a stop notice once it has been repaid.

More Information

Go to " Systems Payroll Run Payroll Period".

• Enter <Y> against the employee's pay frequency or click the [Down arrow] and select [Yes] then click the [OK] button to go into the payroll.
• Choose the relevant employee and press<C+F7> to take you through to the Adjustment Entry screen.

If a screen appears saying 'Attachment orders' showing other attachments, if this is the existing student loan attachment you can press <F5> to edit it or if it is not the required attachment you can press <F6> to create a new one.

• This will take you to a screen asking for the required "Agency". This is where you enter 'CSL' for 'Collection of Student Loans'.

If you type in 'CSL' in upper case but you get a message saying 'Agency Not Found', please Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page.

• Enter the start and end dates from the paperwork supplied to you by HMRC in the "Start Date" and "End Date".
• In the "Reference" field, enter a description for the Attachment (e.g. "Student loan - JB" i.e. initials of employee.)
• On the "Attachment type", enter '11' for Student Loan.
• If the total amount owed is shown on the HMRC paperwork, enter this in the "Total Amount" field.

Generally the 'Total Amount' is not provided, and a stop notice will be issued to you once the loan has been repaid in full. You can therefore leave this field blank.

• Press <Esc> and [Accept] to complete.

Remember to add any Student Loan amounts deducted from employees to your HMRC payment each month on the 19th of the following month. It should be added to the Tax figure that you are paying. It will be shown on the P32 report.

See also

• How do I Run a Payroll Period?
• How do I Close a Payroll Period?
• How to Configure Government Payroll Parameters
• How do I Assign Payroll Attachments to an Employee?
• How do I Set up a Child Support Attachment?
• How do I Set up a Council Tax Attachment?
• How do I Enter Sick Pay?
• How do I Enter Adoption Pay?
• How do I Enter Maternity Pay?
• How do I Enter Paternity Pay?

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Keywords AND Misspellings

Student, loan, adjustment, entry