"nd Job

Darksparkle

bumpercars99 wrote: »

Oh you mean like that... I meant the amounts deducted from pay are calculated per NI on a per job per period basis unless you enter into self assessment.

Many many students will never pay off their student loans due to the massive size of them. You are wrong in asserting that it doesn't go away because it does after 25 years. I have a well paid job and estimate I will clear my loan after around 22 years, assuming no time off for maternity etc which probably isn't realistic, I would find it easy to believe that many people will never clear them. So making additional voluntary payments is often counterproductive. I would also say that if someone is so tight for money that they're working 7 days a week in 2 jobs, the money is more valuable in their pocket now regardless of whether there's additional payments at the end.

Maybe that's the rules where you are/when you took it out.

My understanding was that if taken before 2006 (which applies to my OH, I don't have one) then it wouldn't be written off until he's 65.

He will pay off by approx 38 though. He doesn't make any voluntary payments.