Fusion UK Payroll: Student Loan HMRC Reporting for Employee Having Both Student Loan Plan 1 and Plan 2
(Doc ID 2536909.1)
Last updated on FEBRUARY 07, 2025
Applies to:
Oracle Fusion Global Payroll Cloud Service - Version 11.13.19.01.0 and laterOracle Fusion Global Payroll - Version 11.12.1.0.0 and later
Information in this document applies to any platform.
Symptoms
On : 11.13.19.01.0 version, UK - United Kingdom Legislation
ACTUAL BEHAVIOR
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"If you have Plan 1 and Plan 2 loans
You pay back 9% of your income over the Plan 1 threshold (£352 a week or £1,527 a month).
If your income is under the Plan 2 threshold (£480 a week or £2,083 a month), your payments only go towards your Plan 1 loan.
If your income is over the Plan 2 threshold, your payments go towards both your loans."
However, the system is only deducting the Student Loan under plan 1 in payroll run results and while reporting to HMRC through FPS it is reporting the details as Plan 2.
EXPECTED BEHAVIOR
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FPS to report the Plan 1 deduction.
STEPS
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The issue can be reproduced at will with the following steps:
1. Retrieve SL1 notifications for an employee for both Plan 1 and Plan 2
2. Process payroll
3. Run the Full Payment Submission process
Cause
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In this Document
Symptoms |
Cause |
Solution |