Skip to main content

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

  • RE: Student loan repaid during tax year incurs self assessment charge

    I'm in the same situation as Phil Palmer. I switched from PAYE to DD repayment during the 23/24 tax year at SLC's request. There was a couple of months between the PAYE stopping and the DD starting so the calculation says I owe money, presumably for those months. However, I have a DD in place to clear the outstanding balance this year with SLC. The reason for switching to DD was to avoid over repayment but it seems if I pay the amount calculated by self assessment plus the agreed DD plan then I will end up over paying anyway. Can I tick 'no' for an income contingent loan? HMRC 25 I don't believe that link is relevant to our situation.