Tell us about you 09b - Student Loan repayments

Income Contingent Repayment (ICR) Student Loans are collected by HMRC. You will have received a letter from the Student Loans Company (SLC) before you were due to start repaying your loan telling you the date from which any ICR loan repayments will become due.

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Income Contingent Repayment (ICR) Student Loans are collected by HMRC. You will have received a letter from the Student Loans Company (SLC) before you were due to start repaying your loan telling you the date from which any ICR loan repayments will become due.

HMRC records show that you have received notification from SLC for which a repayment should have begun before 6 April 2021, (regardless of whether your income was below the threshold for Student loan repayments) do not select 'No'.

There are two income thresholds, known as plan 01 and plan 02.

If your deductions are based on plan 01 and you earn less than £19,390 you will not have to make any repayments.

If your deductions are based on plan 02 and you earn less than £26,575 you will not have to make any repayments.

Student Loan repayments are then collected at a rate of 9% on any income over these limits.

Student Loan repayments are worked out as described above along with any tax and National Insurance contributions. Self Assessment Student Loan repayments are due to be paid by 31 January following the year of assessment. This means that they will be included in your 31 January balancing payment each year. They are not included in the Self Assessment payment-on-account figures calculated during the year.

Contact HMRC if any of the following apply:

• you receive notification after you have sent your return that your ICR student loan will be fully repaid before 1 January 2022
• you feel that our calculation of your student loan repayment will exceed the balance remaining on your loan - go to Contact SLC - repayment enquiries for more information

If you have not received notification that your loan has been fully repaid but you think that you're nearing the end of your loan term you should go to Repaying your student loan for further information.