Bank Interest + Student Loan Repayment
in Student MoneySaving
4 replies 2.1K views
Hello. Does Bank interest I recevive from savings accounts and ISA counts as income towards my student loan repayments?
This discussion has been closed.
Latest MSE News and Guides
Martin and MSE campaign win
April's 20% energy price guarantee hike postponedMSE News
Childcare budget boost
More support for children from nine months and those on Universal CreditMSE News
Energy Price Guarantee calculator
How much you'll likely pay from AprilMSE Tools
and while I'm at it. Does Universal credit count as income towards student loan repayments.
It's any income which is subject to National Insurance Contributions that counts PLUS (only if you have to fill in a tax return) any unearned income over £2,000 (the whole amount counts if over £2,000).
Universal credit is not taxable therefore not subject to National Insurance Contributions therefore not subject to student loan contributions.