How do I repay my student loan if I am self-employed?

Updated on 1 December 2020

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.

Image displaying letters spelling student loan in front of a laptop
(c) Shutterstock / wong yu liang

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:

The website of the Student Loans Company also contains lots of useful information.

Pensions and self-employment

Enquiries

More information on self-employment
Am I employed, self-employed or neither?

What tax allowances am I entitled to?

How do I register for tax and National Insurance?

What is the trading allowance?

What business records should I keep?

How do I pay tax on self-employed income?

Working out profits, losses and capital allowances

What National Insurance do I pay if I am self-employed?

How do I work out my taxable profits?

What is the Construction Industry Scheme (CIS)?

How do I prepare my accounts?

How do I work out my profits for universal credit?

What business expenses are allowable?

Do I have to pay VAT if I am self-employed?

Can I claim for pre-trade expenses?

What is Making Tax Digital for VAT?

What capital allowances can I claim?

Pensions and self-employment

What if I make a loss?

How do I repay my student loan if I am self-employed?

When do I make Self Assessment payments and file my tax return?

Penalties and enquiries

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