How do I repay my student loan if I am self-employed?
Updated on 30 December 2020
Self-employment
Self-employment
You can find information about student loans and how you repay them on our dedicated student tax website: Tax Guide for Students. Tax Guide for Students is a non-profit website that was set up by us (the Low Incomes Tax Reform Group) to provide tax information to students and their advisers.
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Tax Guide for Students only covers how repayments work for what are known as income-based or income-contingent loans, introduced in the autumn of 1998. The website does not look at the loans, often known as ‘mortgage-style loans’, in place before that time.
We cover the following topics on the Tax Guide for Students website:
- Plan 1 student loans
- how and when you pay back your student loan
- how you make repayments through Self Assessment
- Plan 2 student loans
- how and when you pay back your student loan
- how you make repayments through Self Assessment
- Postgraduate loans
- How repayments work if you are repaying more than one type of student loan
- What happens to your student loan if you go abroad
The website of the Student Loans Company also contains lots of useful information.
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