I have a client I am currently in the process of completing their 2016/17 tax return for. They made a lump sum payment in June 2016 to fully pay off the outstanding balance on their student loan.
I would just like to check what are the requirements for recording the student loan on this tax return?
I am using Tax Filer and in the student loan repayments section I can only find options to either make the loan liable for repayments or not liable for repayments. There are no options for putting in that the loan has ceased and the date it ceased. I assume I simply need to select that it is not liable for repayments because otherwise student loan deductions are made based on the entirety of the year which can't be correct as it was repaid in June 2016.
Or now that it has been repaid in the year, does the section even need filling out?