Deductions from wages - company loan

Published on: 27/12/2023

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Dear [  ]

Loan

The Company has agreed to advance you an interest free loan in the sum of £[  ] in respect of [  ]. 
The Company makes this loan on the understanding that you will repay this loan in equal monthly instalments of £ [   ], to be deducted from your salary for the next [  ] months. 

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