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Claiming overpaid student loan
dont_use_vistaprint
Posts: 883 Forumite
Hi
One of my kids earns 20K, so £1666 per month. In April will get 2K bonus , which will put them over the monthy threshold of £2083 but not the annual threshold of £25K.
Looks like they will have around £142 automatically deducted for loan repayment that cannot be claimed back until April 2023 , is this correct ?
How do they then claim it back - via self assessment ?
Thanks
One of my kids earns 20K, so £1666 per month. In April will get 2K bonus , which will put them over the monthy threshold of £2083 but not the annual threshold of £25K.
Looks like they will have around £142 automatically deducted for loan repayment that cannot be claimed back until April 2023 , is this correct ?
How do they then claim it back - via self assessment ?
Thanks
The greatest prediction of your future is your daily actions.
0
Comments
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Your kid will ring the Student Loans Company
https://www.moneysavingexpert.com/students/student-loan-overpayment-refund/
Debt Free: 01/01/2020
Mortgage: 11/09/20241
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