We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can I get a refund if I overpaid BUT did reach the yearly threshold?

Ge96
Posts: 3 Newbie

My monthly pay varies as I do a lot of overtime, so some months I paid and most I didn’t. My annual earnings ended up just exceeding the limit, but as my earnings were much higher in some months I have ended up paying more than 9% of the amount that I am over the threshold - by about £100. Can I get a refund of this, or does my meeting of the threshold eliminate me from being eligible for any overpayment of what I should have owed, based on my annual pay?
0
Comments
-
edit to add: this is about student loan repayments. I thought I was posting directly into that forum so didn’t preface my post with that information.0
-
Once you meet the annual threshold you can’t get a refund of anything correctly calculated for an individual month.Depending on the figures it may be worth adding to a pension or donating to charity through gift aid to reduce your annual earnings amount, sufficient to be under the threshold.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards