I have had expeirence of two different PAYE payroll software programs recently, one which increased the annual threshold for student loan repayment by the gross amount of pension premiums paid and one that didn't. I am confused.
I know that the annaul threshold should be increased for the gross pension contributions paid but, as with others on this site, getting the facts about this is not easy. The software company that is not increasing the annaul threshold by pension premiums paid sent me a link which they said they were working by.
Does anyone know if the software guidance is at fault or my understanding?
If some payroll software is calculating the student loan repayment incorrectly that is likely to affect a lot of empoyees and they will be repaying too much.