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Student Loan on bonus / backpay
ade1982
Posts: 64 Forumite
in Cutting tax
Hi,
I graduated in 2004, and usually pay £31 per month back on my student loan. We have add an annual payrise backdated until April 2021, which means with my backpay, I have paid £91 in December 2021. The payrise was only circa £700 for the year, which runs until next April. I get stung the same every year, as the payrise always comes in April so I end up paying more tax and NI in April, presumably because they think I am going to earn that every month. Do I have any recourse to ask for some money back from the SLC? Can I claim for previous years?
TIA
I graduated in 2004, and usually pay £31 per month back on my student loan. We have add an annual payrise backdated until April 2021, which means with my backpay, I have paid £91 in December 2021. The payrise was only circa £700 for the year, which runs until next April. I get stung the same every year, as the payrise always comes in April so I end up paying more tax and NI in April, presumably because they think I am going to earn that every month. Do I have any recourse to ask for some money back from the SLC? Can I claim for previous years?
TIA
0
Comments
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As you are already paying Student Loan each month I'm not sure why you think you have been stung for extra?
If the £700 had been spread evenly throughout the year you would have paid a little extra each month rather than a larger amount in December. But I can't see that you would be worse off overall?0
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