Going over Student Loan threshold in middle of deferment period

Oldernotwiser

DCFC79 wrote: »

Quoting for prosperity

???????:rotfl:

Severntiger

Dabooka wrote: »

My understanding (which is limited on Student Loans mind) is that it's deducted from source as soon as you start earning over the threshold.

I know your worried about the actual pay cut in real terms, but it isn't really; chances are that as time goes on your pay will increase, new job roles become available and it's less of an issue. Basically it's pay back time.

I can't see the point in gong to uni and then working at a low wage for 25 years just to avoid paying it!

True. My comment was a bit tongue in cheek when I mentioned being in a low wage just to not pay it back, hence the word "perverse". Yeah, hopefully just another step up the ladder. Take it easy.

Oldernotwiser

DCFC79 wrote: »

what advice would you like then, would you rather peple tell you to stick with jobs that mean you earn below the threshold

I have to admit that I switched from full time to being a .9 post to keep me below the threshold. I was no worse off and it gave me an extra 24 days leave a year to look after my husband.

mysk_girl

Oldernotwiser wrote: »

I have to admit that I switched from full time to being a .9 post to keep me below the threshold. I was no worse off and it gave me an extra 24 days leave a year to look after my husband.

I also know people who negotiated their pay rise each year to keep them below the threshold. Although eventually you have to accept that if you want a career, you are going to have to bite the bullet and take a job that pays over the threshold. Isn't it about £27,000 at the moment? So a reasonable salary to be earning.

Good luck!

Oldernotwiser

mysk_girl wrote: »

I also know people who negotiated their pay rise each year to keep them below the threshold. Although eventually you have to accept that if you want a career, you are going to have to bite the bullet and take a job that pays over the threshold. Isn't it about £27,000 at the moment? So a reasonable salary to be earning.

Good luck!

Something like that - mine was written off this year when I reached 60.:j

I certainly agree that a younger person with no domestic responsibilities would need to ensure that it didn't affect their long term career prospects.

Dabooka

Severntiger wrote: »

True. My comment was a bit tongue in cheek when I mentioned being in a low wage just to not pay it back, hence the word "perverse". Yeah, hopefully just another step up the ladder. Take it easy.

Well, as i said I was unsure and my initial advice looks like a load of b***cks anyway!

Regarding the wage thing, I apologise if I took it too literally. I think you need to appreciate how many people post on these boards lately with exactly that kind of attitude but without the sense of humour!

It's become daily thing, people asking for the loophole to get out of paying a debt, and maybe I just saw it at face value!