More details about how to select the right Student Loan Plan type have been added to HMRC’s guidance on what payroll information to report.
When reporting information about each employee’s pay and deductions in a Full Payment Submission (FPS), employers need to select the Student Loan Plan type that the employee is on.
HMRC advises that, if the plan type is unknown, the employee should check with the Student Loans Company. If this is not possible, employers should default to plan type 1 until they receive a Student Loan start notice (SL1).
