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dividend and student loan repayment

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    #31
    Originally posted by chrisl View Post
    Yes there is a box in the Return to say you are liable to student loan payments.

    HMRC will catch up with you soon, they will just start an investigation into a previous Return as soon as they realise you should have been paying the student loan back.

    I would make sure you have the money ready for when they ask for it or contact them before they catch up with you.

    I beleive they will charge you interest on the unpaid loan as it is all bulked together with your normal tax liability. You would pay it off via your tax bill to HMRC who in turn pay the student loan company.
    Nothing to do with me, guv!

    My wife has a student loan, but doesn't earn enough to be paying it back.

    My student loan was repaid a LONG time ago.
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      #32
      As for salaries the 9% is claculated on gross, so i guess you may have to calculate the 9% on gross divi's to. i.e. include the amount of the 10% tax credit.

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