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Is Student Loan Interest Tax Deductable?
Jamie_Woodward
Posts: 2 Newbie
in Cutting tax
I'm three years into my five year student loan repayment period, paying around £100 a month. It's a while since I checked but the interest accrued annually, while quite mild as the loans are strictly regulated, used to amount to around £150 per year.
Does anyone know if I can add this interest to my personal income tax allowance (as that could be worth £33 a year)?
Does anyone know if I can add this interest to my personal income tax allowance (as that could be worth £33 a year)?
0
Comments
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Unfortunately you can't have a tax deduction for your student loan interest.0
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