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Can I claim back student loan?

afly
afly Posts: 105 Forumite
Part of the Furniture Combo Breaker
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 :confused:


Thanks for any help

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    yes you can
  • afly
    afly Posts: 105 Forumite
    Part of the Furniture Combo Breaker
    Cheers Clapton.

    I this something i would just declare on my tax return? or would i need to chase the SLC?
  • 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.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    afly wrote: »
    Cheers Clapton.

    I this something i would just declare on my tax return? or would i need to chase the SLC?

    Tt isn't automatic like tax refund... you have to specifically ask HMRC
  • afly
    afly Posts: 105 Forumite
    Part of the Furniture Combo Breaker
    My only experience of the SLC so far is receiving statements every year that are 3 years out of date

    Not promising!
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    afly wrote: »
    My only experience of the SLC so far is receiving statements every year that are 3 years out of date

    Not promising!


    you claim from the HMRC and not the SLC
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