Newsletter issue - December 2018
The Department for Education has launched a new Student Loan product known as Postgraduate Loans (PGLs). From April 2019, individuals will be able to start loan repayments of this type through PAYE, so employers need to be aware of their new obligations.
Broadly, if an individual has a PGL:
HMRC are currently working with software developers to finalise the technical specifications for PGL repayment and hope to publish further guidance in due course.
It is also worth noting here that the earliest individuals can start repayment of PGL via Self-Assessment is April 2020.