News archive for December 2024

The Seafarers Earnings Deduction (SED) is a tax relief available to seafarers working on qualifying ships outside of the UK. It allows them to exclude their seafaring income from UK tax, thereby lowering their tax liability. However, despite claiming this deduction through their Self-Assessment tax returns, many seafarers have encountered an ongoing issue with the Student Loan Company (SLC) when it comes to their student loan repayments. 

The role of a deckhand is one of the most common starting points for those wishing to enter the yachting industry, offering opportunities to gain essential knowledge, skills and experience while working on a superyacht or commercial sea vessel. Our article takes a deep dive at this entry level role.