Student loan repaid during tax year but self assessment is calculating that I still owe money

Hi, I finished paying my student loan half way through the tax year (2021/22) and paid £2301 in deductions. The self assessment calculator keeps calculating that I owe £6110 in student loan, even though I've confirmed with the Student Loans Company (SLC) that my balance is 0. I keep going back and forth between HRMC and SLC and neither are able to resolve - has anyone had this before/can help? THanks!

Hi,

Once you have submitted the tax return, allow 72 hours for it to process and then contact our Self Assessment team. We can then refer you to our Student Loans Unit who will be able to review the calculation.

Self Assessment: general enquiries

Thank you.

I have noticed exactly the same thing when I have submitted my self assessment this time around. During the last tax year I paid £398 and my student loan was finally paid off in full. However on my self assessment it has added another £2500. What are the contact details for your Self Assessment team? When I went to make the payment for tax owed I took off the amount that has been overcharged - the student loan was paid in full in May 2021. Will this cause any complications? Thank You

Hi Lazyricketts,

Our contact details are here:

Self Assessment: general enquiries

Thank you. 

 

Hi, I also am experiencing this issue where my self assessment calculation is trying to charge £5K in ‘underpaid’ student loan payments, although I cleared the balance of my student loan during the tax year. Reading through the forums, there seem to be two suggested approaches to this. Either to select ‘no’ on the self assessment student loans section, and then add a comment in additional information stating that you paid off your student loan in that tax year. Or as this thread suggests to submit the calculation and then contact HMRC to adjust the balance retrospectively. Please can I ask which is the advised method out of these two? Also if anyone has comments about their experience of sorting this issue that would be gratefully received. Thanks