Self employed student loan repayments

Self employed student loan repayments

Didn't find your answer?

Has anyone worked out how to fill in the SA return where a self employed person with an income related student loan has just this year gone over the £15,000 profit threshold?

As far as I can see the student loan part of the return seems to be aimed at employed people only. To get the student loan calculation to come up later in the return, you have to tick in section 2 that you had a loan on which repayments started before 5/4/08. However, you then have to fill in the payments made and it won't accept "0".

Any help gladly received!

Jenny

Replies (2)

Please login or register to join the discussion.

avatar
By AnonymousUser
08th Sep 2008 10:07

Voluntary lump-sum payments...
....don't reduce the ex-student's normal repayments but do, of course, result in the balance being paid off earlier.

Thanks (0)
avatar
By nick farrow
08th Sep 2008 09:05

question 17 on SATR
I missed this and just had aspect enquiry opened re this

basically any SE profits over £15k are subject to 9% SL repayment charge

does any one know if voluntary payments to the SLC can be taken into consideration in reducing the 9% demand

Thanks (0)