We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
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
-
Unfortunately you can't have a tax deduction for your student loan interest.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards