The pay code setup for student loans enables you to accurately deduct student loan repayments from employees' salaries.
Apply this setup whenever a new hire or an existing employee indicates that they have student loans. This ensures that the appropriate deductions are made from their paychecks.
📌Note: If you use Back Office, follow these steps.
To do this, follow the steps below in Portal.
Click Settings then under UK Tax Rates, click General.
Click RTI then from the Select Detail drop-down menu, select Payment Pay Codes.
Click Save.