RichardD1
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RE: Student Loan Calculation
If anyone else looks at this thread in the future, I figured it out. It is all sources of income, excluding employment benefits, minus £22,015 (the threshold), minus pension contributions and gift aid; all multiplied by 9%. -
Student Loan Calculation
Hello, I've just completed my first Self Assessment, and I'm not sure how it's calculated the Student Loan figure. Could anyone clarify please? I'm on a Plan 1 Student Loan. I have several sources of income: Main job + benefits Part-time job (less than £5k/yr) Dividends Interest on savings I thought it would ignore the part-time job (as it is less than the threshold), add all the others together, minus £22,015 (the threshold), and multiply by 9%. But it's not. I've tried everything, and can't get the figure to match. Does anyone know if I've missed anything? Thanks
