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Query re tax and paying student loan

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shopndrop
shopndrop Posts: 3,548 Forumite
Part of the Furniture Combo Breaker
in Cutting tax
Can anyone tell me if you are paying off a student loan from your salary, is your taxable income the gross salary less personal allowance or is your student loan also deducted from gross salary before tax is calculated please.

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  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    the student loan is paid out of taxed income I'm afraid.. so your tax is based on gross salary


    and in usual tax terminolgy 'taxable pay' means gross pay less pension (and any tax free expenses) even though the actual tax calculation then deducts the tax allowance.
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