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Paycircle Ideas Portal
Status Completed
Workspace Paycircle
Created by Guest
Created on Oct 15, 2025

Addition of Plan 5 Student Loan

There is now a "Plan 5" Student Loan. This needs to be added to Paycircle as an option, it has different thresholds to Plan 4.

Customer Portico Day Nurseries
Customer Priority 1 - Critical - Need within 3 months
Customer Challenge

Student Loan deductions will be missed as we are only currently able to set them as Plan 4 but this has a much higher annual earnings threshold.

Business Case

We aren't following HMRC's guidance.

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  • Admin
    Elektra KoutrouzaTurvey
    May 22, 2026

    Hey @Guest , as part of our updates for the 26/27 tax year, we have implemented Plan 5 student loan functionality. You can read more about these updates here: HMRC 2026/27 legislation updates