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Occupational pensions and Student Loans

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I am 57 and have recently been made redundant. I have a pension from my previous employer. If I applied for a student loan would I have to repay it from my pension when I graduate ?

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you are accepted - the repayments are dependent on your salary.
    Anything under £16k and you will pay nothing but if you have income above this you will have to pay back every month.
    (By income I mean salary and pension)
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    spoks1955 wrote: »
    I am 57 and have recently been made redundant. I have a pension from my previous employer. If I applied for a student loan would I have to repay it from my pension when I graduate ?


    internet search engines are a students friend.

    it would seem that the situation is complicated.

    if your income is a pension only or a pension plus a PAYE salary then the pension is disregarded for student repayments calculations

    if however you have to self assess then it is included.
  • Thanks Guys - very helpful.
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