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Student Loan Income Assessed

Col2018
Col2018 Posts: 18 Forumite
Sixth Anniversary 10 Posts
in Student MoneySaving
Hi, could someone please inform me if when calculating the amount I pay back off my student loan, is it 9% over the threshold of my salary, before or after tax, so I can check if what I am paying back is correct please?

Thank you

Comments

  • Ed-1
    Ed-1 Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Col2018 wrote: »
    Hi, could someone please inform me if when calculating the amount I pay back off my student loan, is it 9% over the threshold of my salary, before or after tax, so I can check if what I am paying back is correct please?

    Thank you

    9% of gross salary (before tax) above £25,000 for post-2012 loans.
    9% of gross salary (before tax) above £18,330 for pre-2012 loans.
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