Repaying Student Loans 2009/10 guide discussion

Poolie

Did you receive another overseas assessment form around August / September 2008? If not they are able to use the previous addresses they have as contact on the system for you. You would have provided these when you applied for your loan.

Also, they may have had mail returned to them so the system has been set to use the UK address.

Write to SLC and advise them you haven't received the annual overseas reassessment form for 2008 or 2009 and you are still overseas. Make sure they update your address details as well.

bobwalsh

Poolie wrote: »

Did you receive another overseas assessment form around August / September 2008? If not they are able to use the previous addresses they have as contact on the system for you. You would have provided these when you applied for your loan.

Also, they may have had mail returned to them so the system has been set to use the UK address.

Write to SLC and advise them you haven't received the annual overseas reassessment form for 2008 or 2009 and you are still overseas. Make sure they update your address details as well.

Thanks Poolie - the funny thing is I have NEVER even lived at the address they are sending the post to and my parents have only lived there 2 years and I have been in OZ for 3!!

Poolie

Hi Bob

SLC have become must more active in tracing people who they may have lost contact with especially those overseas. If SLC had your parents previous address they may have looked at the electrol roll to try and locate them to find you. They are certainly wanting to get in touch with people who are overseas and not offering or willing to pay. I am not saying you fall into this category as it looks like an issue with the form not being received by you from SLC so they have assumed you are trying to avoid repayment. Daft I know.

AnturCynhyrfus

In the "How it works?" section on your guide to repaying student loans you say that if you're earning £30,000 you pay back £1,260 per year. How do you get to this fugure considering you state that you pay back 9% of everything earned above £15,000?

£30,000 - £15,000 = £15,000
9% of £15,000 = £1,350 (not £1,260)

Why is my figure £90 more than yours?

Lokolo

AnturCynhyrfus wrote: »

In the "How it works?" section on your guide to repaying student loans you say that if you're earning £30,000 you pay back £1,260 per year. How do you get to this fugure considering you state that you pay back 9% of everything earned above £15,000?

£30,000 - £15,000 = £15,000
9% of £15,000 = £1,350 (not £1,260)

Why is my figure £90 more than yours?

Yours is right.

They have a bug obviously!

londoner1998

Poolie wrote: »

Mine is the same and I am not expecting that to change till the following below happens:

SLC are awaiting on the information from HMRC. HMRC will be awaiting the information from employers. Employers have till August if I remember correctly to submit the information before fines are issued.

Once SLC have the information then it will be loaded into the system and at that month the interest calculations will be backdated and recalculated.

Once this has happened, SLC will take a snapshot of the live system for the repayment portal.

Hello

I posted here a couple of months ago- my Student Loan deduction hadn't started after about two years of earning over the threshold (and me telling both my employer and SLC several times). I decided to make contact again in September, when the interest rates change... but to my surprise, I got letter this week and finally something has happened and now they will start taking money- in fact, I have seen my next payslip (due to be on the 15th) and the deduction is there!!
Could it have to do with the new government? Do employers get fined if they don;t tell HMRC???
I am very intrigued... like everybody else, my employer (big corporation) is feeling the effects of the recession, but it am very curious as to 'why now?' Also, I have just got a promotion and just completed my first month...

Poolie

londoner1998 wrote: »

Hello

I posted here a couple of months ago- my Student Loan deduction hadn't started after about two years of earning over the threshold (and me telling both my employer and SLC several times). I decided to make contact again in September, when the interest rates change... but to my surprise, I got letter this week and finally something has happened and now they will start taking money- in fact, I have seen my next payslip (due to be on the 15th) and the deduction is there!!
Could it have to do with the new government? Do employers get fined if they don;t tell HMRC???
I am very intrigued... like everybody else, my employer (big corporation) is feeling the effects of the recession, but it am very curious as to 'why now?' Also, I have just got a promotion and just completed my first month...

It sounds like HMRC have sorted out the issue with your tax records and the system has finally come into balance. Your employer will be told to start taking deductions immediately from your salary. Also your employer will have just completed the annual tax paperwork and HMRC will have checked and wondered why there is no student loan deductions for your salary, so this may have had something to do with it.

sce06mnu

I have a post 1998 student loan which I have not needed to repay yet as I have not reached the earnings threshold. I recently married, will my husbands income be taken into account with regards my income? In other words do I need to declare our joint income and therefore start repaying?

Poolie

The repayment of Student Loan is your responsibility. Your husbands income will be not considered.

raphanius

i have a £500 student loan from about 2001/2002 (i did an OU course) and my employer has just received a letter from the inland revenue (not the student loans company) demanding repayment from my wages. i work 14 hours a week and get roughly £80 on the national minimum wage. i also earn a little each year self-employed but not nearly enough to make me eligible for student loan repayments.

has anyone else had a similar experience? what do i do about this situation? i have no idea why the tax office want it back not the student loan company. am i being screwed?