Pensions and Student Loans

Fuscia

I graduated from University in 2010 earning less than £15k p.a.
I now have the option to take my occupational pension early from a previous employer to supplement my existing salary.

Does anyone know if the pension lump sum and annual pension is taken into account by the SLC / HMRC to repay a student loan?

I have looked at available documents such from SLC website & T&C's and can only find reference to unearned income from interest on savings ,stock, shares greater than £2k.

Any comments, pointers etc will be welcome.

Tixy

Probably best to call SLC to ask them. For the newest student loan scheme then according to this link http://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes

If you have additional income of over £2,000 from savings interest, pensions or shares and dividends, then this will also be treated as part of your income for repayment purposes. You'll need to repay 9% of that too via self-assessment.

So that does mention pensions as well as other income. It may well be the case for your scheme as well but probably worth giving the SLC a call to confirm.