skip to navigationskip to main content

Phone: 0141 248 7411 

Email:

Choosing a Service

Choosing an accountant that matches your needs

Sectors

Robb Ferguson provides specialist advice for...

icon-free-consultation

Free Initial Consultation

Understanding your accountancy requirements

Request a Callback

Lets talk at a more convenient time for you

PGLs for employers

Newsletter issue - December 2018

The Department for Education has launched a new Student Loan product known as Postgraduate Loans (PGLs). From April 2019, individuals will be able to start loan repayments of this type through PAYE, so employers need to be aware of their new obligations.

Broadly, if an individual has a PGL:

  • HMRC will send their employer a new Postgraduate start notice (PGL1) to ask them to start taking PGL deductions
  • HMRC will send their employer a new Postgraduate stop notice (PGL2) to ask them to stop taking PGL deductions
  • employers will collect payments through the normal PAYE process
  • individuals may also be liable to repay a Student Loan Plan Type 1 or 2 concurrently with PGL. HMRC will let their employer know this by continuing to send the normal Student Loan start (SL1) and Student Loan stop (SL2) notices as well as PGL1s and PGL2s.

HMRC are currently working with software developers to finalise the technical specifications for PGL repayment and hope to publish further guidance in due course.

It is also worth noting here that the earliest individuals can start repayment of PGL via Self-Assessment is April 2020.

Not everything is equal – true. But maybe being equal is simply not good enough?

Our Philosophy

We’re a dedicated team which strives to provide success to our clients in regards to all their accountancy needs.

Meet our team