BrightPay Blog


Feb 2014

17

2014/15 Student Loan thresholds increase from 06th April 2014

For any employee for which you have been instructed to apply the student loan deduction, you will see an increase to net pay directly resulting from the change to the Student Loan thresholds with effect from 06th April 2014.

With effect from 06th April 2014 the student loan threshold increases to;

£16,910 per year £16,365 per year 2013/14
£1,409.16 per month £1,363 per month 2013/14
£325.19 per week £314 per week 2013/14

The deduction rate remains at 9%

Employees should direct all queries to the Student Loan Company;

Web www.slc.co.uk
Tel 0845 300 50 90
(open Mon-Fri from 8.00am to 8.00pm and between 9.00am and 4.00pm on Sat - Sun)

Posted byKaren McDarbyinPayroll