For accounting professionals
Student Loan & self assessment
Dies anyone know when I enter £1940 Student Loan deductions from P60 on the calculation it adds £352. And how is any payment made direct to SL company treated for tax purposes? The loan is now paid on full during 19-20 tax year.
It is a bit difficult to know without more information. Is it your own, or a client of yours? Do you use HMRC website or a software? Where have you input the amount, and where does it add £352, student loan payments/tax/ni?
If it is yours, have a look here:
Maybe contact the student loan company.