Student Loans DD - Salary Increase

Kevie192

Hi all,

Hopefully this is just a quick question and someone will know the answers!

I would like to switch my student loans contributions to a DD because I'm within 2 years of paying it off.

However, I would like to know what happens if my salary increases, I receive a bonus one month etc etc?

They've told me that I don't need to tell them and contributions will just carry on at the same level but I want some reassurance from someone else too. I don't want to just leave it if I do get a bonus and then have them chasing me for money at the end of the year!

Thanks,

Kevin

Kevie192

Just in case anyone has this question and stumbles upon the thread, I wanted to update with the answer.

If your salary increases during the time you're paying the DD, nothing changes. The DD is set and the amount will not increase unless you request it to.

Kevin