Student Loan Digital Refund Service hits 1.6million refund requests

SLC’s Digital Refund Service has received more than 1.6 million refund requests since it launched in 2024. Designed to put employees with student loan repayments in control, the service claims it provides a straightforward, self-service option for claiming Below Threshold refunds. The milestone has been confirmed 29th October 2026 as the Student Loan Company (SLC) … Continue reading Student Loan Digital Refund Service hits 1.6million refund requests →

Payrolling Benefits and registration

Get ready for mandatory payrolling of benefits in kind (BiKs) For employers who offer any of the mandatory benefits: Cars and Fuel Medical benefits Vans and Fuel It is important that employers start planning on both the payroll implementation aspects and how they will obtain and apply the required benefit data from their benefit providers. … Continue reading Payrolling Benefits and registration →

Choose carefully’: degree choice drives earnings

Graduates earn on average around £100,000 more over their lifetime than non-graduate counterparts, but returns vary by degree subject. Students’ choice of degree subject has a hugely significant impact on their lifetime earnings, according to new research from the IFS. Graduates earn on average around £100,000 more over their lifetime than someone of the same background and attainment who did not attend university, even after … Continue reading Choose carefully’: degree choice drives earnings →

Budget 2025 – Changes to Employee Car Ownership Schemes (ECOS)

This measure is about bringing Employee Car Ownership Schemes (ECOS) within the scope of the benefit in kind rules as company cars from 6th April 2030, with transitional arrangements. What is an ECOS scheme An ECOS is something more organised than the employer simply ceasing to provide a company car and (normally) increasing taxable pay … Continue reading Budget 2025 – Changes to Employee Car Ownership Schemes (ECOS) →

Supporting students as they start the 25/26 academic year

Steven Darling, Director of Customer Experience, offers advice to help students get ready for payment This is an exciting time of year for students, especially those who are about to begin their first year and take the next major step in realising their potential. Many soon to be students up and down the country are … Continue reading Supporting students as they start the 25/26 academic year →

New rules to end Buy-Now, Pay-Later wild-west, and protect millions of shoppers to drive growth

Over 10 million people who use Buy-Now, Pay-Later (BNPL) products are to gain stronger rights and clearer protections under new rules - stopping unaffordable borrowing and helping families keep more of their money. Millions of Buy-Now, Pay-Later shoppers to gain stronger rights and clearer information – in line with other types of credit ending the … Continue reading New rules to end Buy-Now, Pay-Later wild-west, and protect millions of shoppers to drive growth →

Loan benefit – rate increases to 3.75%

The Official Rate of Interest (ORI) from 6th April 2025 Where you provide loans to employees that exceed £10,000 during a tax year. If so then the individual has been provided with a benefit in kind (BIK) which is required to be reported on form P11D. Payrolling is planned to become an option for employers … Continue reading Loan benefit – rate increases to 3.75% →