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Student loan tax amount on Extra Pay

Go to: Payroll menu > Pay Run > enter date of 1 April 2012 or later.

From 1 April 2012, when you pay an employee an extra pay and that employee has a student loan, VisionVPM will check to see if they have a Student Loan Special Rate, and if so, will use this rate to calculate the student loan amount.

Otherwise, VisionVPM will calculate the student loan amount based on the gross amount x 10%.

Note that special deduction rates must be applied for and they cannot be applied retrospectively.

See Also

Changes to the Payroll module in Version 344.1

ESCT changes

Message when no ESCT rate selected - Employee

Message when no ESCT rate selected - Pay Run

Employer other superannuation displayed on pay slip

ESCT column moved on pay slip

New Student Loan Tax Codes

New Student Loan Repayment Options

Changes to ACC Earners' Levy