Student Loan Plan 1 if reached threshold?

dogshampoo

Hi all
I have been informed that because I reached the threshold (£18300 2018/19) I am not entitled to any refund or for any year where I may have earned over threshold. This has been explained because student loan company calculate repayments month to month - and I am paid monthly. My employer have change payroll company which has caused pay issues month to month resulting in wage overpayments some months and underpaymets some months. Is it right that I have overpaid student loan and because my yearly earnings have exceed that threshold I amtherefore not entitled to a refund? This seems unfair as HMRC would refund any overpaid tax and the threshold amounts are set each year for a reason?:wave::wave::wave:.

Ed-1

dogshampoo wrote: »

Hi all
I have been informed that because I reached the threshold (£18300 2018/19) I am not entitled to any refund or for any year where I may have earned over threshold. This has been explained because student loan company calculate repayments month to month - and I am paid monthly. My employer have change payroll company which has caused pay issues month to month resulting in wage overpayments some months and underpaymets some months. Is it right that I have overpaid student loan and because my yearly earnings have exceed that threshold I amtherefore not entitled to a refund? This seems unfair as HMRC would refund any overpaid tax and the threshold amounts are set each year for a reason?:wave::wave::wave:.

The thresholds apply to pay periods (normally monthly).

You can only get a refund of any repayments if you earned under the annual threshold - which you didn't. That's the rules.