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My previous employer did not deduct Student Loan Payments

mcrobbiegt_2 · 2011-03-04 09:06:42

I worked for a company for a year and during that time, I was not being deducted for Student Loan repayments. I recently had to complete a Self Assessment Tax Form and now I have been landed with the bill for 1 years' Student Loan Repayments. If I had not received a SA Tax Form, this amount would have just been charged…

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MrsManda Posts: 4,457 Forumite

10 June 2011 at 8:19PM

ferien_uk2011 wrote: »

Your bill is £700 or am I misunderstanding?
I only paid back my student loan at a rate of £1 a month, so a one year bill would be £12. Admittedly, I was only earning just over the 15K but still, £700 seems a lot.

For income related loans you pay 9% of everything you earn over £15,000 so if the OP is earning ~£23500 he'll have paid ~£700 over the year.

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My previous employer did not deduct Student Loan Payments

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