How do I repay my student loan if I am self-employed?
Updated on 27 July 2021
Self-employment
Self-employment
You can find information about student loans and how you repay them in our dedicated students section.
Our student loans pages only cover 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 in the student loans pages:
- 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
- Plan 4 student loans (new for Scottish borrowers from April 2021)
- How repayments work if you are repaying more than one type of student loan
- What happens to your student loan if you go abroad
GOV.UK and the Student Loans Company websites also contain lots of useful information.
Tax guides
Information for employers What is the Job Retention Scheme? Illness or self-isolation Work changes Universal credit and employee pay Redundancy explained Support for limited company directors Working remotely for your UK employer while overseas Bonus payments for certain employees Self-employment income support scheme (SEISS) SEISS fourth grant SEISS fifth grant Self-employment support scheme ‘parental’ extension SEISS: where do I include the grants on my tax return? Further self-employment considerations Illness or self isolation Work changes Help for businesses in Northern Ireland, Scotland and Wales Tax credits and coronavirus £500 payment for working households on tax credits £500 Test and Trace Support Payment Taking money from your savings Taking money from your pension Tax penalties: coronavirus ‘relaxations’ Problems getting a National Insurance number High Income Child Benefit Charge (HICBC): What to do if your income falls Childcare support and benefits for children Scams: please be vigilant!
Introduction to the tax system How do I work out my tax? What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? What if I cannot pay my tax bill? Do I need to complete a tax return? Self Assessment: understanding the basics What is Simple Assessment? How do I claim tax back? How do I claim back tax I have overpaid through PAYE on wages or pensions? How do I claim back tax if I complete a tax return? How do I claim back tax if I am taxed under the Construction Industry Scheme (CIS)? How do I claim back tax on savings income? How do I claim a marriage allowance refund? How do I claim back tax on a payment protection insurance (PPI) pay-out? Should I use a tax refund company? What is National Insurance? How do I get a National Insurance number? What are Adult Specified Childcare credits? What is Scottish income tax? What is devolution? Do I have to pay Scottish income tax? How does Scottish income tax work? What is Welsh income tax? Do I have to pay Welsh income tax? Do I have to join a pension scheme? Tax relief on your pension contributions HMRC digital services Enquiries, penalties, appeals, complaints and debt Enquiries How to survive an enquiry by HMRC Tax penalties Tax appeals Alternative Dispute Resolution How do I complain to HMRC? What if I cannot pay my tax bill? What if I have a tax credits overpayment?
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Am I employed, self-employed, both, or neither? How do I register for tax and National Insurance? What business records should I keep? Working out profits, losses and capital allowances When do I make Self Assessment payments and file my tax return? How do I pay tax on self-employed income? What tax allowances am I entitled to? What is the trading allowance? What National Insurance do I pay if I am self-employed? What is the Construction Industry Scheme (CIS)? How do I work out my profits for universal credit? Do I have to pay VAT if I am self-employed? What is Making Tax Digital for VAT? Pensions and self-employment How do I repay my student loan if I am self-employed? Introduction to enquiries
Pension jargon buster Approaching retirement What is income? How do I work out my tax? What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? How do I check my coding notice? Tax code problems on retirement What should I do if I have not paid enough tax? What tax do I pay on savings and dividend income? How do I claim any tax back? Do I need to complete a tax return? What National Insurance do I pay after retirement? What happens if I retire abroad? What is the tax position when I take money from my pension flexibly? How do I cash in my small pension? What tax do I pay on my state pension lump sum? What is state pension deferral? Pensions paid on leaving the armed forces
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