Student Loans – A new loan

A new student loan product know as postgraduate loans (PGL) has been launched. The earliest a student can start repayments of a PGL is April 2019 and so you might receive notifications about deductions you need to make from employees’ wages after that.

Where an employee is to repay a PGL, HMRC will send you a start notice (PGL1) asking you to make deductions and a postgraduate stop notice (PGL2) will be issued when HMRC wants you to stop.

Please note than you also might be required o make student loan deductions under the existing plans, Type 1 or 2, as well as those for the new PGL.