CSLM10124 – FAQs: employers questions and answers: do I include tax credits as income?
Suggested answer
No. Tax credits are not treated as income for Student Loans
purposes.
Only include income liable to Class I NICs.
HMRC action
None
Notes:
- The golden rule is 'If it is liable to NICs it is also liable
to Student Loan deductions'
- This applies not only to what income should be included but also applies to queries concerning earnings periods. For more information see CSLM17055
