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Student Loan increased

Go to: Payroll menu > Employee Details.

From 1 April 2013, student loan minimum repayments increase from 10% to 12%.

For pay runs dated 1 April 2013 or later, VisionVPM will automatically calculate student loan repayments at 12% on the following tax codes:

Please note that VisionVPM is utilising the Pay Run date as the final date of the pay period to determine the start date for the increase in Student Loan minimum repayments. If this is not the case with your payroll, please contact the Service Desk.

See Also

Changes to the Payroll module v346.00

Employee Changes report

ACC Levy change

Removal of tax codes ML and MLSL

Student Loan Special Rate removed

Minimum Employee and Employer KiwiSaver contribution change

Removal of tax code of None

Tax Code displayed on employee Activity window

Dept column added to Transactions window

Employees' email addresses included in the Employee List report

Extra banking deduction

Delete emailed pay slips

Date Range on Leave Totals report

ESCT on Pay Totals report

Changes to Employee Details window

Changes to Employee Pay Record report

Warning message when Sick Balance exceeds Max Sick Leave