Student loans and self assessment

jiltjilt Font Of All KnowledgePosts: 2,903Registered
A sole trader with a student loan and with an annual profit in excess of £15k is requried to make a repayment of 9% of the profit. If the client also has rental income, is that income taken into account as well?

So if he has business profits of £17,500 and rental income of £2,500 will he pay £1800 towards his student loan?

Comments

  • groundygroundy Trusted Regular Posts: 495Registered
    Not sure on the rental income but it is only 9% after the £15k, not inclusive
  • jiltjilt Font Of All Knowledge Posts: 2,903Registered
    Ah thanks for that groundy, yep I didn't read that bit properly, thought it was a lot! :blushing: oops!
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