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The government have now published details of how teachers in shortage subjects in certain parts of the country will be able to have their student loan payments reimbursed. The scheme will not affect employers so all newly appointed teachers should still complete a starter checklist, unless they are making payments by direct debit to the Student Loans Company which is usually only the case if they have been overseas prior to returning to work in the UK. The Department for Education will make payments directly to the teacher on receipt of an application endorsed by the school at which they are working.
These payments are not part of the teacher’s pay but are subject to tax and NI which will be covered by HMRC making payment direct to the Department for Education on behalf of the teacher. If you are a teacher and you would like some advice as to whether this applies to you, call Sence today!
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I rely on the expertise of Sence Accountancy for all my financial needs - end of year tax return, payroll and business advice.
Kip McGrath Education Centres