UKI Compliance Ideas Portal

option to exclude other income from the Student loan repayment calculation

Student loan repayment calculation should be based on earned income only, I have a client who received other income from the surrender of a bond and the income figure has been included in the Student loan repayment calculation on Sage which my understanding is wrong.

  • Paul James
  • May 10 2024
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  • Admin
    Steven Cartlidge commented
    16 May 09:30am

    Good morning,

    I have checked with our domain specialist team regarding the compliance here and we have developed around the following guidance.

    CSLM16035 confirms that unearned income of more than £2000 is included in the calculation of total income for student loan repayment purposes.

    https://www.gov.uk/hmrc-internal-manuals/collection-of-student-loans-manual/cslm16035

    As we cannot see the full data file for the relevant client, please reach out to me direct if you need to discuss further. ( steven.cartlidge@sage.com )


    Regards,

    Steve Cartlidge