Small Business Accounting

How do I pay my student loan?

By

Chris Andreou

How do I pay my student loan? guide

Contents

If you're self-employed, HMRC will work out your loan repayment amount from your tax return. You make your repayment the same time you pay your tax.

If you're an employee and your salary is above the minimum amount, your loan repayments will be deducted from your salary by your employer.

Additional repayments can be made through your online repayment account and by card, bank transfer or cheque.

<p>If you're <a href="https://goforma.com/self-employed" target="_blank">self-employed</a>, HMRC will work out your loan repayment amount from your tax return. You make your repayment the same time you pay your tax.<br></p><p>If you're an employee and your salary is above the minimum amount, your loan repayments will be deducted from your salary by your employer.<br></p><p><a href="https://www.gov.uk/repaying-your-student-loan/make-extra-repayments" target="_blank">Additional repayments</a> can be made through your <a href="https://www.gov.uk/sign-in-to-manage-your-student-loan-balance" target="_blank">online repayment account</a> and by card, bank transfer or cheque.</p>

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