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Make sure the correct tax year has been selected before printing the computation; this report is only available from the 2012 tax year onwards.
The student loan repayment computation is a break down of how the student loan repayment figure (shown on the tax computation), has been calculated.
When producing the computation IRISPTP will present the Report Output screen with choices of printer, PDF, word processor or screen.
The option to select the Student Loan Repayment Computation from the Reports menu will only be selectable if the tax year is 2012 or later and the program has been set to calculate a student loan repayment. Student loan repayments will be calculated if there is an entry in the Student Loans screen, in the Tax Calculation folder, in the Miscellaneous folder within the Reliefs tab.
If the person has been accepted on the repayment of teachers' loan scheme; tick the box on the employment earnings screen.
If repayment of student loan has been made and needs to be deducted in the calculation; it should be entered as an expense in the employment expenses screen.