CSLM20001 – SL repayments: underpayments and overpayments: introduction
There are various circumstances in which underpayments and
overpayments of Student Loan deductions may arise and you may
receive queries from either employers or borrowers as to what
action to take.
The way in which underpayments and overpayments are handled,
in respect of employers and borrowers may be affected by the
following factors
- The time the discrepancy is discovered
- The amount of the borrower’s income
And
- The size of any underpayment or overpayment
Responsibility for handling underpayments and overpayments may rest with either HMRC or the Student Loans Company.
