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Salary sacrifice & student loan repayment
dont_use_vistaprint
Posts: 772 Forumite
One of the children received a job offer for when she graduates next year. It’s only £28K salary but includes becoming chartered and she also has the option to salary sacrifice both pension and EV.
Does salary sacrifice come off the income threshold for student loan repayments ?
Does salary sacrifice come off the income threshold for student loan repayments ?
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Student loan repayments are calculated on gross income minus salary sacifices so it will reduce repayments, potentially to 0 on that wage depending on amounts and repayment plan...
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As this is a question on student loans, I will move it to the student board.I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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