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Why am I being taxed on my student loan repayments?

4 replies

u123 · 29/01/2017 15:36

Using example figures, on my self assessment it says this

Income Tax charged £1000
plus Student Loan repayments £100

Income tax due £1100

The £100 is more than I've repaid this year in student loans repayments.
Could anyone explain this to me? The student loan repayment seems to be down so I can't even search on there to see what this is at the mo meant.

OP posts:
u123 · 29/01/2017 15:47

Ah, I think I've worked it out but confirmation if I'm on the right track would be appreciated.

I think because I've earned other money outside of my PAYE job, I am paying extra student loan repayments which is what that £100 is.

OP posts:
TreeTop7 · 29/01/2017 22:19

You've understood correctly.

Ta1kinPeace · 30/01/2017 19:54

Yup, the repayments are based on your total income.
Your PAYE job has taken the bit that relates to that income
your SA return picks up the rest

u123 · 31/01/2017 21:07

Thanks!

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