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Personal tax- Enter Student loan and edit the calculation

Article ID
how-to-select-the-student-loan-plan-type-in-personal-tax
Article Name
Personal tax- Enter Student loan and edit the calculation
Created Date
14th January 2020
Product
Problem
How to select the student loan plan type in personal tax?
Resolution
  1. Open up personal tax and select the client.
  2. Go to reliefs | Miscellaneous | Tax calculation | Student loans
  3. Select the loan plan type | OK

Go to reports | Student loan repayment computation to see the breakdown. This final figure will then pull through to the tax computation.

How to edit the Student loan calc? The function to modify the student loan repayment is locked– you cannot change the calculated figure.

There are only two options:
a) Submit the return as it is BUT add a note under – reliefs/ misc/ additional information/ sa100 and add a note explaining whats happened and what you want. HMRC will then amend the return.
b) Delete the student loan by going to reliefs/ misc/ tax calc / student loan, then click delete. This may delete the ENTIRE student loan calculation from the comp etc. This is usually done if you do not want the student loan calc at all.

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