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Can I claim back student loan?
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afly
Posts: 105 Forumite

in Cutting tax
Hi all,
Hope someone can help me!
I was made redundant in June. Started a business and have had no salary since. For the 4 months I was paid whilst employed I made £460 payments to my student loan via PAYE
This was based on an assumption I was going to earn £30,000 over the year
I would need to earn £20,000 just to have to pay as much as I have already
To make it simple, imagine I have contributed £460 so far this year, but come April I have only earned £14,500, would I be able to claim back the whole £460?
I know I could with tax, but this is a loan, so I'm unsure if once it's gone, it's gone
Thanks for any help
Hope someone can help me!
I was made redundant in June. Started a business and have had no salary since. For the 4 months I was paid whilst employed I made £460 payments to my student loan via PAYE
This was based on an assumption I was going to earn £30,000 over the year
I would need to earn £20,000 just to have to pay as much as I have already
To make it simple, imagine I have contributed £460 so far this year, but come April I have only earned £14,500, would I be able to claim back the whole £460?
I know I could with tax, but this is a loan, so I'm unsure if once it's gone, it's gone

Thanks for any help
0
Comments
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yes you can0
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Cheers Clapton.
I this something i would just declare on my tax return? or would i need to chase the SLC?0 -
Whilst I'm not certain of the specifics in this instance, if you have to deal with the SLC, be prepared to grind your teeth down to a wee nub in frustration at their incompetence...
File everything in triplicate, send via recorded post, etc.
They are crooks. :mad:For the avoidance of doubt: I work for an IFA.0 -
My only experience of the SLC so far is receiving statements every year that are 3 years out of date
Not promising!0
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