How do I repay my student loan if I am self-employed?
You can find information about student loans and how you repay them on our dedicated student tax website: www.taxguideforstudents.org.uk. 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.
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 –
- Plan 2 student loans –
- How repayments work if you have both a Plan 1 and a Plan 2 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.