Repayment earnings threshold what are earnings?
in Student MoneySaving
1 reply 31 views
Hi can anyone tell me what figures are used for earnings? Is it taxable pay? I was considering paying into a SIPP to reduce my taxable earnings....
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So if paying into a pension is done gross of tax (i.e. salary sacrifice, exchanging salary for an employer pension contribution) it will reduce student loan repayments. If it's done net of tax then it won't reduce student loan repayments.