UK Localization - How To Refund A Student Loan Overpayment ?
(Doc ID 2684608.1)
Last updated on OCTOBER 18, 2021
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 11.13.20.04.0 and later
Information in this document applies to any platform.
We have an overpayment situation with an employee. The employee has paid the overpayment back, so we need to reverse the payment out of the payroll. How do I refund the student loan deduction that was taken in error?
The employees earnings should have been less than the plan 1 earnings threshold, but due to the overpayment, a student loan deduction was made. We need to refund this to the employee and correct the YTD figures for reporting to HMRC.
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