We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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?

Options
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?

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.
  • silvercar
    silvercar Posts: 49,569 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.