CSLM10120 - FAQs: employers questions and answers: can I deduct more to help t/p pay off loan?
Suggested answer
No. You should only deduct the amounts shown in the Student Loan Deduction Tables. This will mean that you are conforming with the law.
If your employee wants to pay off more than the statutory amount then he or she should phone the Student Loans Company(This text has been withheld because of exemptions in the Freedom of Information Act 2000)(0845 0738 891), who will make payment arrangements. These payments would not replace the deductions that you have to make but would be additional payments.
HMRC action
None
Notes:
1. |
The borrower can make any repayments he or she wants directly to the Student Loans Company. However, HMRC must collect only the statutory amount of repayments |
2. |
The employer should never be told to phone the Student Loans Company. They will deal only with the borrower |
