Student loan repayment

patterson12a

I am paid weekly in my job and some weeks my wage would have been higher than normal due to things such as overtime, been paid holidays or a yearly bonus. On these weeks my employer would have taken repayment for my students loan. I was expecting to be able to claim this money back at the end of the tax year. However when I contacted the students loan company I was told as I was £48 over the threshold for the year I was not due any refund because I'm paid weekly and it is then calculated on the weekly wage  The amount I have repaid is in the hundreds so In reality I'm being taxed around 200% for earning £48 over the threshold and not the 9% I was expecting. Is this correct? 

Ed-1

patterson12a said:

I am paid weekly in my job and some weeks my wage would have been higher than normal due to things such as overtime, been paid holidays or a yearly bonus. On these weeks my employer would have taken repayment for my students loan. I was expecting to be able to claim this money back at the end of the tax year. However when I contacted the students loan company I was told as I was £48 over the threshold for the year I was not due any refund because I'm paid weekly and it is then calculated on the weekly wage  The amount I have repaid is in the hundreds so In reality I'm being taxed around 200% for earning £48 over the threshold and not the 9% I was expecting. Is this correct? 

Yes. As with National Insurance contributions, what you pay is calculated on a pay-period basis