We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
unearned income
NotChris
Posts: 6 Forumite
hi,
I'm just wondering if interest gained in cash ISA / premium bonds winning count towards unearned income for student loan repayment as they are not taxable?
I'm just wondering if interest gained in cash ISA / premium bonds winning count towards unearned income for student loan repayment as they are not taxable?
0
Comments
-
does anyone have a source for the answer?0
-
Edited as I misread the question.
For an employee, student loan repayments are calculated upon earned income only or more specifically, the figure used for calculating class 1 NI contributions.
It's a bit more complicated if you're self employed.
https://www.gov.uk/hmrc-internal-manuals/collection-of-student-loans-manual/cslm16030
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards