SL repayments: borrower within SA: payment of CSL liability within SA
When the SA return is captured any liability arising will be included in the balancing payment, due on 31 January following the end of the year of assessment.
The part of the balancing payment relating to Student Loan repayments will not be takeninto account in calculating payments on account for the following year.
If an SA borrower is within PAYE then regular deductions would normally have been made bythe employer. However additional liability under SA may arise if
- The taxpayer has more than one employment. The annual threshold will have been applied by each employer when making Student Loan deductions
- Not all relevant earnings were taken into account by the employer
- The borrower has other income, such as self employed profits or unearned income in excess of £2,000