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Daughter's Student Loan Application Taxable Income Query
JulieGil
Posts: 9 Forumite
I will be completing my daughter's student loan app soon and I have a query. Would interest from my savings need to be declared as taxable income even though I did not have to pay tax on it as it did not reach the threshold. Also I had a small part time job which did not reach the tax threshold so would that income need to be declared?
0
Comments
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just because you don't reach the threshold to pay tax, doesn't mean it's not taxable.
It is taxed - just at 0% - so yes you do need to declare it.1 -
I thought that might be the case. Just wanted clarification. Thank you.0
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