Are student loan repayments calculated on Capital Gains?

armour999

Hi all,

Now in retirement (aged 59), I have £6,300 in student debt accumulated between 2013-2019. As my annual income is around the £27,000 mark, I pay little or nothing in student loan repayments - just £91 last year. I don't expect my income to increase massively in retirement, in fact, it may go down as I currently recieve income from a couple of flats which I let out. Given this, I am not sure if it is in my financial interest to make any aditional payments off the loan which will expire in 27odd years or on my death (hopefully the former ).

However, I am unsure whether Capital Gains income is used to calculate my student loan repayments. If so, then I guess I should pay down the student debt in order to stop accruing interest.

Can anyone point me in the right direction?

[Deleted User]

Apparently not:

How do you repay your student loan?

If you’re above the repayment threshold, you pay 9% of your income. 'Income' includes earnings from employment, self-employment or rental income. Also, if you get more than £2,000 from savings interest, pensions or from investments, this counts as part of your income.

https://www.thecompleteuniversityguide.co.uk/student-advice/finance/repaying-your-student-loan

armour999

Gracias por ayudarme purdyoaten2

[Deleted User]

armour999 said:

Gracias por ayudarme purdyoaten2

 De nada!