The thresholds from 6 April 2018 are:
• Plan 1 £18,330
• Plan 2 £25,000.
Remember to check and operate the correct plan type when you set up student loan
deductions for an employee. You’ll find the plan type information on form SL1, the
starter checklist or by asking your employee. If your employee does not know their
plan type they can check online.
Mandatory box for student loan Plan Types
Your payroll software should now have been updated to include a new student loan
plan type box on the Full Payment Submission (FPS) you send to HMRC.
This box is mandatory. You need to complete this box for all employees who have a
student loan. You should select either plan 1 or plan 2 depending on your employee’s
student loan plan type.
Student loan Generic Notification Service messages
You may receive 2 different types of student loan Generic Notification Service (GNS)
messages to your PAYE online inbox. These GNS messages will instruct you to do
one of two things:
1. Start taking student loan deductions from a named employee from your next
available pay day and report this on the next FPS you send to HMRC. This is sent
to you when HMRC receives an FPS showing zero student loan deductions for an
employee we know has a student loan
2. Include the correct student loan plan type for a named employee on the next
FPS you send to HMRC. This is sent to you when HMRC receives an FPS for an
employee showing the incorrect plan type.
If you don’t action either of the above GNS messages on the next FPS you send to
HMRC for the named employees then you will receive a second GNS message. If you
don’t act on the second message, we may contact you by telephone.