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Posted Sun, 07 Jan 2024 17:38:14 GMT by
Hello all, Could I ask a quick question? I am filling in my 2022/23 self assessment tax return. As I was 12 months from replaying the balance on the advice of SLC company I repaid the remainder of the loan by direct debit directly to the SLC between May 22 and March 23 and therefore no deductions were made by my employer via PAYE. My last employer deduction fell in the previous tax year (February 2022). Do I still need to declare the amount of study loan repaid on my self assessment? Best wishes, 
Posted Fri, 12 Jan 2024 07:39:44 GMT by HMRC Admin 25
Hi Matthew Burgess,
No, you don't declare this in your tax return.
Thank you. 
Posted Tue, 23 Jan 2024 16:39:34 GMT by
Hello, another similar question. I'm filling in my 22/23 self assessment tax return. I paid off my student loan in full in August 2023 by a one-off payment. Should I select 'no' for the question "Our records show that you have an Income Contingent Student Loan for which repayment began before 6 April 2023. Is this correct?". Otherwise it calculates that I owe an addition £465 for my student loan, which I don't owe as my student loan has a zero balance.
Posted Tue, 23 Jan 2024 17:58:50 GMT by
I repaid my student loan in full in August 2023. I have just completed my self assessment tax return for year 22/23 and the tax calculation includes £541 owed towards my student loan. Can an adjustment be made for this to take it off my tax owed? Do I need to pay the tax in full and then reclaim? Whichever option is correct, how do I do this? Many thanks
Posted Tue, 23 Jan 2024 21:57:07 GMT by
Hi, I have a similar question to a number of people here, although slightly different circumstances. Am currently filling in 22/23 return, switched from PAYE to DD payments on my student loan as getting close to paying off. The last PAYE payment was Oct 22 and with lag in switch to DD first DD payment was in Feb 23. In the final calculation I have had additional charge add that is significant over the amount remaining as have sustained DD payments monthly from Feb 23 onwards. Why has this charge been added and how do I get it removed as only have 3 DD payments left until loan is settle. Any advice appreciated. Thanks, Tom
Posted Wed, 24 Jan 2024 19:22:40 GMT by
Hi I have a similar question re student loan. Currently I am completing self assessment tax return for 2022/23. My student loan throughout the year have been deducted through PAYE system. As per P60, I have paid a total of 4666 towards student loan, which seems to be the right amount based on my income from two jobs totalling to 100150. However, when I put information on self assessment, it brings £1100 due on student loan, which isn’t right. Can you help please?
Posted Fri, 26 Jan 2024 11:33:53 GMT by HMRC Admin 25
Hi clare_a,
Your answer should be 'No'
Thank you. 
Posted Fri, 26 Jan 2024 14:12:42 GMT by HMRC Admin 25
Hi tkh22,
If the loan is settled you need to change the answer to No, you don't have a student loan.
Thank you. 

 
Posted Fri, 26 Jan 2024 15:47:30 GMT by
Hi, I was about to submit my return and realised this student loan question was applicable to me somewhat... "Our records show that you have an Income Contingent Student Loan for which repayment began before 6 April 2023" Now based on above and past questions and answers I'm going to presume I select 'No' but wanted to double check. My situation is that I received Income Contingent Student Loan during the period but only just - I settled my loan in April 2022 (my last loan repayment date was covered 3rd-30th April salary). If I select 'Yes' I end up having a much large tax return calculation even after entering the amount deducted in that period by employer. Please can you confirm I do not need to select 'Yes' to this question but 'No'. This is the approach I intend to take.
Posted Mon, 29 Jan 2024 11:11:30 GMT by HMRC Admin 32
Hi Ybk Kh,

The total charge due will not solely be on the student loan as the final figure is for tax too. From your figures, your income is over £100,000 which means full personal allowances are not due. You may need to submit the return and then contact us direct so that we can see all the figures submitted to clarify in full.

Thank you.
Posted Wed, 31 Jan 2024 07:34:27 GMT by HMRC Admin 25
Hi GaryH,
You would need to select 'NO'
Thank you. 
Posted Tue, 09 Apr 2024 11:04:49 GMT by Phil Palmer
Hello HMRC Admin! Super useful thread. Thanks for all the good info. I have a slightly different scenario. SLC asked me to move from PAYE repayments to direct debit based repayments based on when the outstanding balance will likely be settled to prevent overpayment. Would this no longer be income contingent, given it is now fixed repayment value not based my income? So in this scenario, would I select 'No' on my self assessment in answer to "Our records show that you have an Income Contingent Student Loan for which repayment began before 6 April 2023. Is this correct?"~ Many thanks,

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