Can someone tell me how to calculate how much student loan is repayable please? Do I simply deduct �15k off of total taxable income and multiply whatever is left by 9% to come up with the repayment due? Do I need to include student loan in my payment on account??
It depends when you got your loan out as the rules changed over the years. I think you might be best off speaking to the student loans company. They are a nightmare to get hold of though. They should send you a statement every year telling you what is left (I have had 2 in 5 years though.....). Good luck.