My client and his wife run a limited company and are both directors and shareholders. They take a minimal salary (£7k) and the rest as dividends. They both have considerable student loans outstanding. Clearly there will be student loan repayments due on the dividends in excess of the £15k earnings limit, however if I get their tax return in nice and early (2012-13 the previous year has already been done) can this be deducted through their tax code for 2012-13? I don't know if it would be easier for the client, I'm just checking there are't alternatives to suggest.
Many thanks in advance for any advice.