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 Portal, follow these steps.
To do this, follow the steps below in Back Office.
Click CorePay then click Reference.
Click Maintain Statutory Pay Parameters then click RTI.
Click Drawdown Payment Pay Codes.