Annotated starter checklist

Updated on 12 April 2023

Students

We provide an annotated copy of page 3 of the Starter Checklist to help you understand the student loan questions.

HMRC Starter Checklist page 3 by LITRG

D

You only start repaying your student loan from the April after you completed the course that your loan relates to. So, if you graduated in Summer 2022 you will start repaying your loan from 6 April 2023 (if you earn above the repayment threshold).

If you finished your graduate course after 6 April 2023 then you will not be required to make repayments on your graduate loan until the following tax year (2024/25).

⚠️ Please note: this will only relate to your most recent graduate loan and if you have another student loan, from an earlier course, then you will begin repayments for the other loan as soon as you begin work and earn above the relevant repayment threshold.

E

You only start repaying your student loan from the April after you completed the course that your loan relates to. So, if you graduated in Summer 2022 you will start repaying your loan from 6 April 2023 (if you earn above the repayment threshold).

If you finished your course after 6 April 2023 then you will not be required to make repayments on your loan until the following tax year (2024/25).

⚠️ Please note: this will only relate to your most recent student loan and if you have another loan for a course that ended before 6 April 2023 then you will begin repayments for the other student loan as soon as you begin work and earn above the relevant repayment threshold.

F

If you are coming to the end of paying your only remaining student loan and have agreed to pay the Student Loans Company directly through monthly direct debits then answer ‘Yes’ here. There is information explaining how student loans are calculated and repaid through the Pay As You Earn system on our website: Plan 1 loans, Plan 2 loans, Postgraduate loans and Plan 4 loans

If you are making only additional voluntary payments to the SLC, then you should answer ‘No’ here. Your student loan repayments will be calculated in addition to any voluntary payments (this is different to opting to pay the Student Loans Company directly when coming to the end of repaying your loan).

G

It is very important that you state the correct loan type(s), otherwise incorrect loan repayments will be deducted as the different plans have different repayment thresholds.

If you are unsure what type of student loan you have then you should contact the SLC.

Tax guides

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 Specified Adult 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?

Am I employed, self-employed, both or neither? Working through a limited company What is the national minimum wage? 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 is tax collected on taxable state benefits? How do I check my coding notice? Do I need to complete a tax return? What tax do I pay on redundancy payments?Employment benefits and expenses What are benefits-in-kind? What payments and benefits are non taxable? What if I incur expenses in relation to my job? What travel expenses can I claim? What if I use my own car for business purposes? Payroll giving Allowances and expenses paid to armed forces personnel and deductions from their income Pensions and employees What is automatic enrolment for employees? What National Insurance do I pay as an employee? How do I repay my student loan? What if I do not pay enough tax? What if I pay too much tax? What if I work abroad temporarily? What if I am in the armed forces and work overseas? First time workers Apprenticeships

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)? Tax checks for taxi, private hire and scrap metal licences 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

Tax status Setting things up How the Pay As You Earn system works Taking on a new employee Reporting PAYE in real time Pay and deductions Ongoing payroll tasks End of year processes Employee leaving Employment law Keeping records Getting things wrong Getting more help

Can I live and work in the UK? Residence and Domicile Employment and self-employment National Insurance for migrants Coming to the UK to study Other migrant issues EU and EEA countries

Going abroad Other income Student loans Types of student Volunteering and training Working Do students have to pay council tax? Glossary of Forms Jargon buster Where can I get further help and information?

Help for employees and the self-employed Help for employers Independent living Caring for someone VAT reliefs for disabled and older people Trusts for disabled people Apprenticeships and disability

Savings and tax Property income Council tax and rates Giving to charity Income from a trust or from the estate of a deceased person Capital gains tax Cryptoassets and tax Do I need to register my trust?

Tax credits and benefits Tax credits State benefits Child benefit Universal credit

Employer-supported childcare Free childcare places Tax credits childcare support Universal credit Other childcare support Tax-free childcare

Taxes on death: overview Dealing with the deceased's own tax affairs Tax on income and gains after death Death of a spouse or civil partner Joint property on death Pension and life assurance policies on death Income from a deceased's person's estate Inheritance tax reliefs and exemptions State benefits on death Getting help with bereavement and inheritance tax Bereavement jargon buster

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