From: "Andy Pandy" 
Newsgroups: uk.finance
Subject: Re: Student loan and tax situation
Date: Fri, 20 Jan 2006 15:40:48 -0000


"Ronald Raygun"  wrote in message
news:nr7Af.4587$wl.1147@text.news.blueyonder.co.uk...
> > My friend has a student loan of about £3,000pa. She does some part-time
> > work on a self-employed basis.
> >
> > When calculating her tax liability, do you add the £X she earns from
> > self-employed work to the £3,000pa she gets as a student loan? Or because
> > it is a student loan does she just get taxed as though her income is £Xpa?
>
> The latter, of course.  A loan is not income.

Except a loan can be treated as income for benefit purposes. IIRC the WFTC used
to treat a student loan as income.

--
Andy