Postgraduate Loans

The Department for Education have launched a new Student Loan product known as Postgraduate Loans (PGL).If your employee has a Postgraduate loan,  HMRC will send you a new Postgraduate start notice (PGL1) to ask you to start taking PGL deductions.  These are collected through the normal Pay as You Earn (PAYE) process.   Your employee may also be liable to repay a Student Loan Plan Type 1 or 2 at the same time as the PGL. HMRC will let you know this by continuing to send the normal Student Loan start (SL1) as well as PGL1s.

Student loan types can be checked at:

http://www.studentloanrepayment.co.uk

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