What Are The Student Loan CIR And BOR Fields Used For?

If an employee has student loan deductions, Lightning Payroll lets you record additional repayment instructions from Inland Revenue. The CIR and BOR fields hold those instructions.

What the codes mean

• SLCIR (Commissioner-initiated repayment): Inland Revenue has asked the employer to deduct an extra amount on top of the standard student loan repayment. The CIR field stores the extra rate or amount.
• SLBOR (Borrower-initiated extra repayment): the employee has chosen to repay their student loan faster and asked the employer to deduct an extra amount. The BOR field stores that rate or amount.

Where to find the fields

1. Open the employee and go to the Tax tab.
2. Make sure the tax code includes the SL suffix.
3. Enter the CIR or BOR rate or amount as supplied by Inland Revenue or requested by the employee.
4. Save the employee.

How the extra deduction is applied

• The standard student loan deduction is calculated first using the SL threshold.
• The CIR or BOR amount is added on top and deducted in the same pay.
• The combined total is reported under the student loan field in payday filing.

Things to check

• Only enter CIR when Inland Revenue has issued a notice asking for the extra deduction.
• BOR is voluntary - check the employee really has requested the extra deduction before adding it.
• If a CIR notice expires or is cancelled, clear the CIR field so the deduction stops.