Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 12 Jan 2022 18:15:00 GMT by Nicki Jones
My self-assessment tax calculation is showing that I owe £3147 for my student loan repayments. Last year, the Student Loan Company contacted me to say to stop paying my student loan through my pay as I will end up overpaying. They set up a direct debit of which I have a month and half left to pay (approx. £300). As I ticked the box in the self-assessment to say that I have a student loan in my self-assessment, I can only assume that the tax calculation assumes I haven't repaid anything. Is this an accurate understanding and should I say 'no' to the question regarding student loan to avoid this payment?
Posted Fri, 14 Jan 2022 13:03:26 GMT by HMRC Admin 19
Hi,

If it has been paid off or you have been advised to pay directly to the Student Loan Company, you should answer no to the student loans question.

Thank you.

You must be signed in to post in this forum.