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)
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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.
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