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Student loan repayment - gross or net?
nickjw2000
Posts: 2 Newbie
in Loans
I'm currently paying £100 each month for my student loan, which is almost repaid.
Shortly I'll be setting up a direct debit to make my last few payments to make sure I don't overpay.
My question is:
When my employer stops deducting my payment from my monthly pay, will I see a full £100 in my pay each month, or will I see £100 minus tax and national insurance added?
Hopefully someone on here can clear this up. I'm trying to budget and it'd be good to know how things work.
Hope that's clear.
Thanks...
Shortly I'll be setting up a direct debit to make my last few payments to make sure I don't overpay.
My question is:
When my employer stops deducting my payment from my monthly pay, will I see a full £100 in my pay each month, or will I see £100 minus tax and national insurance added?
Hopefully someone on here can clear this up. I'm trying to budget and it'd be good to know how things work.
Hope that's clear.
Thanks...
0
Comments
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you pay your student loan from taxed income, so you will see 100 more0
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Thanks Clapton, everything I've read online suggests that, just wanted to check though.0
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Yeah Clapton is spot on.0
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