What Patch will Have Changes for September 2016 Student Loan Changes ?
Last updated on JULY 15, 2016
Applies to:Oracle HRMS (UK) - Version 12.1.3 and later
Information in this document applies to any platform.
As you will be aware that from September 2016 graduates will not start repaying their student loans until they are earning at least £21,000 (£1750 per month). Once their
earnings exceed this monthly amount the excess will be taxed at 9%. This change will affect any grads who commenced a three year degree course in September 2012.
Those students who commenced their courses pre September 2012 will continue fall under the current student loan rules, but for the 2015/16 year ahead we may be
affected if anyone when to University in September 2012 but didn’t complete their course.
Will this change be included in either the RUP8 (unlikely) or TYE patch set next year?
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