Annual Statements

Every employer has a responsibility to submit annual returns which include details of any student loan deductions made from employees’ salaries.

HM Revenue & Customs (HMRC) has experienced delays in processing some of these returns for 2004-2005 and 2005-2006 which means that the Student Loans Company (SLC) is still waiting for the details required to update some student loan accounts. Because of this, some people repaying their student loan may not yet have received a statement outlining their repayments for the above tax years.

If you find that this affects you, please be assured that you will be given credit for all the repayments you have made. Your monthly wage slips and P60s for 2004-2005 and 2005-2006 do provide an accurate record of the repayments you have already made, which will then be reflected in the loan account statement you will be sent in due course.

Any interest that has accrued on your student loan account as a result of these repayments not being applied will be correctly adjusted when the SLC receive your repayment details.

It may be that, in some cases, your repayment details will not have reached SLC by the time statements are next due to be issued. In that situation, SLC will provide you with further information then.