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Level 1

Student loan deductions on Paysuite

I have received a notice from HMRC that I have two employees who should have student loan deductions. 

 

I can see on the payslip there is a section to allow for this, but can not see where the data is input onto PaySuite to calculate the figures? Please can someone advise how to set this deduction up?

 

Thanks

Solved
Best answer 09-25-2018

Accepted Solutions
QuickBooks Team

Re: Student loan deductions on Paysuite

Hi LucyFernando,

 

Welcome to the UK Community Page for QuickBooks Online.

 

On Quickbooks, you only need to select if they are on Plan 1, or Plan 2 for their student loan. Open the Employee Details by double clicking on the employee, and under the Tax & National insurance section there's a tick box for Student Loan, and a setting to choose which Plan they are on.

 

The deductions will happen automatically based on their wages.

 

Thanks.

View solution in original post

4 REPLIES 4
QuickBooks Team

Re: Student loan deductions on Paysuite

Hi LucyFernando,

 

Welcome to the UK Community Page for QuickBooks Online.

 

On Quickbooks, you only need to select if they are on Plan 1, or Plan 2 for their student loan. Open the Employee Details by double clicking on the employee, and under the Tax & National insurance section there's a tick box for Student Loan, and a setting to choose which Plan they are on.

 

The deductions will happen automatically based on their wages.

 

Thanks.

View solution in original post

Level 1

Re: Student loan deductions on Paysuite

I was looking so hard I must have missed that box.

 

Thank you very much.

QuickBooks Team

Re: Student loan deductions on Paysuite

It's no problem, I'm guilty as charged for missing things right in front of me; and i work for QB! :)

Please don't hesitate to post again should you have any other questions.

 

Thanks,

Intuit

Re: Student loan deductions on Paysuite

Hi, @LucyFernando

 

Great to see that your query was resolved! I am also in the same situation as your employees. Student Loan is creeping up on me. University seems like such a long time ago, can't wait for the money to be completely paid off.

 

I would love to know more about what you do? :smileyvery-happy:

 


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