Use of the SL code and special repayment code (STC)

Sections 34, 35(2), 36(1), 37, 45(a) and 148(2)

Amendments clarify that the repayment rate specified on the special rate certificate issued for income tax and student loan purposes determines the correct code employers should use on the employer monthly schedule and the correct student loan deductions rate. The changes reflect current administrative practice.

Application date

The amendments apply from 1 April 2012.