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[Deleted User]
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Deleted_User said:If you own a company, do you pay student loan repayments based on your companies earnings or is it from you wage paid to you by your company?
I asked student finance UK and got an extremely vague answer.
The full regulations are here:
http://www.legislation.gov.uk/uksi/2009/470/contents/made
E.g. if you are self-employed then the following is what counts (for £15,000 substitute "the repayment threshold" by virtue of the 2011 amendments http://www.legislation.gov.uk/uksi/2011/784/contents/made ):
http://www.legislation.gov.uk/uksi/2009/470/regulation/29/made
If you are employed then the following is what counts (again substitute the current repayment threshold for £15,000):
http://www.legislation.gov.uk/uksi/2009/470/regulation/44/made
Each employment counts as separate income and you get the benefit of the full repayment threshold on every separate employment (this mimics National Insurance).
If you are have to fill in a tax return then it's your total income that gets taken into account, regardless of how many separate jobs you had. Any repayments already deducted are taken off before calculating your tax obligation through the self-assessment.0
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