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Student Loans – Frequently Asked Questions
Student Loans – Frequently Asked Questions
Michael Colley avatar
Written by Michael Colley
Updated over 8 months ago

Accidentally submitting Student Loan deductions for someone

You'll need to add a net addition for the employee's next payroll.

Next, contact support so that we can adjust the Year To Date total of Student Loan contributions for the employee that is submitted to HMRC in payroll.

By adjusting the Year To Date total, Onfolk will inform HMRC that the deduction was refunded, who in turn inform the Student Loan Company. To be sure, we'd advise that the employee contacts the Student Loan Company to let them know.

Not submitting Student Loan deductions for a previous payroll

HMRC will send an SL1 notice for the next available payroll to let you know that deductions should be taken. Here's how to update the relevant employee's student loan settings.

You don't need to do any backdating for student loans in previous payrolls.

If they wish, the employee can choose to make an additional payment to the Student Loans company.

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