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tax and student loans

Bazn
Bazn Posts: 183 Forumite
hi

i was wondering... are student loan repayments deducted before or after tax?

i.e. is tax calculated on your total income, or on your income minus repayments?

Thanks

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    unfortunately it comes out of taxed income ... no tax relief on interest payments
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    CLAPTON wrote: »
    unfortunately it comes out of taxed income ... no tax relief on interest payments

    Is this still current? Just speaking to a primary teacher about the costs they incur as part of their job, loads of stationery and costs involved in attending courses. They can't work from the school because it closes prompt.

    It's got to the point that the cost of this is running to hundreds of pounds a year so I'm trying to find out if there is any tax relief available.

    Student loan repayments was one on my list to look into but Clapton's reply to OP seems to squash that.

    Am compiling a list of expenses and reading up on the hmrc site on allowances. This restriction on substantive duties and contract of employment seems unfair given a typical teacher's routine - there's so much that they do that's not in the neat box of "their personal choice".

    Any thoughts or words of advice from the ex-tax inspectors out there?
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
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