If you're self-employed, HMRC will work out your loan repayment amount from your tax return. You make your repayment the same time you pay your tax.
If you're an employee and your salary is above the minimum amount, your loan repayments will be deducted from your salary by your employer.
Additional repayments can be made through your online repayment account and by card, bank transfer or cheque.
<p>If you're <a href="https://goforma.com/self-employed" target="_blank">self-employed</a>, HMRC will work out your loan repayment amount from your tax return. You make your repayment the same time you pay your tax.<br></p><p>If you're an employee and your salary is above the minimum amount, your loan repayments will be deducted from your salary by your employer.<br></p><p><a href="https://www.gov.uk/repaying-your-student-loan/make-extra-repayments" target="_blank">Additional repayments</a> can be made through your <a href="https://www.gov.uk/sign-in-to-manage-your-student-loan-balance" target="_blank">online repayment account</a> and by card, bank transfer or cheque.</p>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Read more of our Small Business Accounting guides:
Learn more about repaying student loans with a free 20 minute consultation.
We help you understand how to actually pay yourself as a limited company director or sole trader. This guide helps explain the different tax rates, filing requirements and which company structure is best for you.
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