This is considered an out of date browser. This website has been developed with modern browsers in mind to allow it to display at its best in a wide variety of viewing situations - including mobile viewing. But we haven't supported older browsers like IE8. Please upgrade to the latest version of Internet Explorer - or try Mozilla Firefox or Google Chrome. Both are excellent browsers.
If you are an employer, you need to be aware that the earnings thresholds at which you are required to make deductions from an employee’s pay if they have a student loan have increased from 6 April 2018.
The new annual thresholds changes from:
£17,775 to £18,330 for Plan 1 loans
£21,000 to £25,000 for Plan 2 loans
The new limits apply to all current and future student loans.
Tip for employers: To ensure you make the correct deductions when you take on a new employee with a student loan, you must enter the correct plan type – Some employees can have both plan types and you should record this in your payroll software.
Proposal to extend pension auto enrolment to younger workers
There has been an announcement to extend pensions auto enrolment to young workers and to amend the way the contributions...
New Student loan limits
If you are an employer, you need to be aware that the earnings thresholds at which you are required to make deductions f...
What HMRC says about the 'not so simple' taxation of Bitcoin
HMRC’s opinion on cryptocurrencies is given here. This covers VAT, corporation, income and capital gains taxes. Crypto...
The Chancellor's Spring Plan - Tax-efficient training
Tax relief on training costs was one of the interesting consultations that relates to current rules favouring employees ...
The team at Sence have been so helpful and understanding from the moment I started to use their services.
Red Door Studios