Student loan payments from Ltd company

**Lucifer Box** · 21 March 2006, 10:07

Try asking the student loan company. They are bound to know.

**boredsenseless** · 21 March 2006, 10:20

Originally posted by cswd

Anyone got any idea how to deal with student loan payments? I'm salaried and I will be taking dividends irregularly but I still have a student loan to pay (the thing is endless!).

Or of course pay it off with your dividends!

**The Lone Gunman** · 21 March 2006, 10:52

Student loans will only ask you to pay it back when you are earning the national average (about 15K I think).

As long as your SALARY is below that then you dont have to pay them back.

HTH.

**The Lone Gunman** · 21 March 2006, 11:08

Originally posted by cswd

I'm way above that for the minute - until I have enough profit to draw dividends!

If you are paying yourself a salary above the national average then you should be paying back the loan. If your slalry drops below that then you can defer it.
It is only the salary that matters your other sources of income dont matter (a flaw in their rules I expect).

**ladymuck** · 21 March 2006, 11:09

I too have a student loan to start repaying at some point but my accountant said 'wait and see what the IR send us'. Apparently they send out forms, etc with details of how to calculate, collect, and send the payments. If you haven't received anything from them then don't pay it and just continue as you are for the time being. You don't need to start repayments until the tax year following the end of your course.

**anthonychipp** · 22 March 2006, 07:24

Can I just confirm...do company dividen payments not count as income when it comes to working out student loan payments on self assessment?

**The Lone Gunman** · 22 March 2006, 07:56

Originally posted by anthonychipp

Can I just confirm...do company dividen payments not count as income when it comes to working out student loan payments on self assessment?

We are not the people you should be asking, most of this is opinion.

The SLC only states that your salary is less than UK average, they dont ask about other income.
You make the decisison.

Student loan payments from Ltd company