We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Redundancy - is student loan deducted?
New_Bill
Posts: 10 Forumite
Hi
Hoping someone on here may be able to help or point me in the right direction.
Looks like I am being made redundant towards the end of this year - hoping to get another job relatively quickly.
The package being offered is good, and it is my understanding that anything under £30k is non taxable.
However does anybody know whether or not the Student Loan Company will deduct an element of this redundancy payment? I have been told conflicting stories - some have said they cannot as the payment is non taxable - others have said the Student Loan does not fall under the same category as tax/NI and they will look to take c9%?
Anybody had Student Loan deducted from a redundancy payout?
Thanks in advance for any advice.
Hoping someone on here may be able to help or point me in the right direction.
Looks like I am being made redundant towards the end of this year - hoping to get another job relatively quickly.
The package being offered is good, and it is my understanding that anything under £30k is non taxable.
However does anybody know whether or not the Student Loan Company will deduct an element of this redundancy payment? I have been told conflicting stories - some have said they cannot as the payment is non taxable - others have said the Student Loan does not fall under the same category as tax/NI and they will look to take c9%?
Anybody had Student Loan deducted from a redundancy payout?
Thanks in advance for any advice.
0
Comments
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards