CSLM10124 - FAQs: employers questions and answers: do I include tax credits as income?
No. Tax credits are not treated as income for Student Loans purposes.
For student loan purposes only include earnings as you would calculate for employer’s secondary class 1 NIC purposes.
|1.||The golden rule is 'If it is liable to NICs it is also liable to Student Loan deductions'.|
|2.||This applies not only to what income should be included but also applies to queries concerning earnings periods. For more information see CSLM17055.|