Postgrad loan repayment threshold query

lmh1805

Can anyone clarify for me; I know the threshold for repayment on a postgrad loan starts at earning over £21,000pa BUT what if I earned high one month (over £1750) but over the year my earnings were below £21,000, will I still expect to see a deduction in my payslip to SLC?

Ed-1

lmh1805 said:

Can anyone clarify for me; I know the threshold for repayment on a postgrad loan starts at earning over £21,000pa BUT what if I earned high one month (over £1750) but over the year my earnings were below £21,000, will I still expect to see a deduction in my payslip to SLC?

As with all student loans, if you earn over the monthly threshold a deduction will be taken that month but if you earn below the annual threshold then you can claim the repayment back at the end of the tax year.