h1208 nez
Joined: 4/21/2021
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RE: Pension Income & Student loan Repayment
Afraid not. Ended up including pension income in student loan calculation. Basically its a HMRC rule. -
Pension Income & Student loan Repayment
Hi, I have question about private pension income being considered as "Income" for calculating student loan payments when completing Self Assessment tax returns. It isn't considered as "income" as PAYE because Its not subject to National Insurance Contributions. So why is it on self assessment tax return? Especially as under regulations 41 and 45(1) of the Education (Student Support)(Repayment) Regulations 2009 (as amended), student loan deductions are taken from any income subject to (secondary) Class 1 National Insurance Contributions. My private Pension is not subject to National Insurance Contributions. Thank you