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
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