Enables you to maintain details about the selected loan.

To access this window, enter fast path HR555S75 and select the employee, window into the Detail field, then select the Loans tab and window in to the Dets field.

General

Loan Purpose

Enter the purpose of the loan, or select one from the drop-down list. The options are set up in the P1DLPR narrative category.

Short Desc, Long Desc

Display only. The short and long descriptions of the loan purpose.

Loan Type

Enter the type of loan, or select one from the drop-down list. The options are set up in the P1DLTY narrative category.

Loan Start Date

Enter the date on which the loan was supplied to the employee. If the loan was supplied before the start of the current tax year, enter the start date of the tax year.

Loan End Date

Enter the date when the employee finishes repaying the loan. If the loan ends after the end of the current tax year, enter the end date of the tax year.

Start Amount

Enter the initial amount of the loan as of the loan start date.

Final Amount

Enter the final amount of the loan as of the loan end date.

Maximum Amount

Enter the maximum amount outstanding on the loan at any point during the tax year.

Interest Paid

Enter the total amount of interest paid by the employee on the loan during the tax year.

Redempt Amount

This field is only enabled if the loan is a mortgage type loan. Enter the redemption value of the loan.

Loan Benefit

Enter the amount of benefit of the loan. This amount is not required for the P11D form and is for your information only.

Joint Loan

Enter the number of joint borrowers or leave blank if the loan is supplied to only one person.

Loan in Miras

This field is only enabled if there is more than one borrower. Enter Y if the loan qualifies for Miras tax relief.

Amt Forgone

Enter the Forgone amount for the Loan Benefit.

Higher Of

Display only. Displays the Higher value of the Amount Forgone and the Loan Benefit Amount excluding interest paid.

Relevant Amount Minus Interest

Display only. Displays the Higher value of the Amount Forgone and the Loan Benefit Amount reduced by the interest paid.

MD555L6