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    Well to be fair I haven't actually started university yet, but I don't intend to be in a job for very long from when I come out of university, as I want to set up my own business and go into a partnership.
    How can does student finance work in these scenarios?
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    They take a proportion of your wage automatically that's highlighted on your P60
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    Your loan accrues interest from the day you receive it.
    You start to make payments once you earn over £15K a year, of course you won't start paying off the loan until you earn quite a bit more. As self employed it will be your responsibility to inform HMRC.
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    (Original post by DukeNewcomb)
    They take a proportion of your wage automatically that's highlighted on your P60
    In a sense I won't have a wage.
    I can just constantly reinvest the profits so I am always earning below £15k essentially, hence never pay back the student loan??
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    I hope HMRC are reading this and plugging the loophole now.
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    nice loophole my friend, i like it
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    yeah just declare a wage under £15 000, its not even illegal what you would be doing even if it intentionally to get out of paying it back still **** THEM is what i say, ******** government *****, all deserve to die
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    another plonker who doesn't realise that govt has no money, tax payers do!
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    There must be something in place surely !!
 
 
 
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