CSLM14001 - Matching records: the matching exercise: introduction

The first step towards collecting Student Loan and or Postgraduate Loan repayments is to match the borrower’s computer record held by the Student Loans Company with a live PAYE or SA record. This process is fully automatic and requires no clerical action by Network staff.

Once a PAYE or SA record is identified as belonging to a borrower, a signal is set on the computer records for both the taxpayer, and in a PAYE case, the employer.

It is necessary, for the following reasons, to identify employers who employ borrowers

• Start Notices and Stop Notices can be issued to the employer
• Information and guidance can be targeted at specific employers if necessary
• Statistical information can be collected for HMRC and the Department for Education (DfE)
• We shall be able to identify employers from whom Student Loan and or Postgraduate Loan deductions may be expected
• The automatic end of year processing will be amended to prevent refunds or re-allocation of tax and NICs before the Student Loan and or Postgraduate Loan position is resolved