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repayment of student loan with rental income?

2 replies

happyhopefulmummy · 27/11/2012 12:43

I was hoping someone could answer a question for me - I have a student loan and when I was employed I was repaying through my salary. I am currently self-employed and the income I get is below the repayment threshold. However, I have a property I rent out and get a small amount of money from, and this together with my self-employed income will take me above the repayment threshold.

Does anyone know if when I fill out my self-assessment, the Student Loans company will take into account both incomes or only look at my self-employed income? This will make a difference between repaying my loan or not; I'd just like to be prepared.

Thanks

OP posts:
Rockchick1984 · 27/11/2012 13:39

If its profit which you declare on your self assessment then yes it will be counted. If its low enough to make some deductions eg for maintenance, mortgage interest etc then you may be able to stay under the threshold if that's better for you.

happyhopefulmummy · 27/11/2012 15:03

thank you!

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