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Pre-1998 student loans on tax return - help!
sixgeese
Posts: 20 Forumite
Hi all
My calculation is coming out higher than what my accountant said it should be, and having spent most of today trying to figure this out, I think it might be related to my student loan - and I would appreciate some advice on whether I've inputted it correctly.
I have a pre-1998 'mortgage style' loan that I was still paying off in that tax year. I pay this through my own bank account - not through my wages.
I have ticked 'yes' to the question 'do you have notice from the Student Loans Company that repayment of an Income Contingent Student Loan began before 6 April 2015.'
HOWEVER, I now think this may not be the case for me as I made the loan repayments directly.
Does this mean my type of loan is NOT income-contingent and does not need to go on my return?
If I subtract the amount that the calculation now says is due in student loan repayments, I get a figure closer to what my accountant says I should be getting.
So should I be saying NO to this question?
MAny thanks!
My calculation is coming out higher than what my accountant said it should be, and having spent most of today trying to figure this out, I think it might be related to my student loan - and I would appreciate some advice on whether I've inputted it correctly.
I have a pre-1998 'mortgage style' loan that I was still paying off in that tax year. I pay this through my own bank account - not through my wages.
I have ticked 'yes' to the question 'do you have notice from the Student Loans Company that repayment of an Income Contingent Student Loan began before 6 April 2015.'
HOWEVER, I now think this may not be the case for me as I made the loan repayments directly.
Does this mean my type of loan is NOT income-contingent and does not need to go on my return?
If I subtract the amount that the calculation now says is due in student loan repayments, I get a figure closer to what my accountant says I should be getting.
So should I be saying NO to this question?
MAny thanks!
0
Comments
-
your loan is NOT an income contingent loan (they are post 1998)0
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