Plan 5 Becomes the New Default for Student Loan Deductions from April 2026
UK employers are being urged to prepare for significant changes to student loan repayments as a new repayment plan—Plan 5—takes effect from 6 April 2026, marking its first year of deductions through the PAYE system. Introduced for students in England who began undergraduate courses, PGCE programmes, or Advanced Learner Loans on or after 1 August […]
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