Refund on overpayment or not?

jamesgreggcatton

Hello,

Looking for some advice really as I’m not sure whether to pursue a refund

I work 3 different jobs - all connected to the NHS. One is a clinical role, one is a teaching role, another is a management job. I love working all three. 

I wasn’t aware initially when I started working, but have since found out about a loophole in the student loan system. Whereby, as none of my individual salaries take me over the repayment threshold, I don’t pay back much (if any at all) of my student loan. Whereas the combined salary of all 3 would place be in the repayment zone. 

Occasionally, over the last few years, there have been the odd occasion where in a month with a lot of overtime, or backpay, I might go over the monthly threshold and have some deductions taken. But if my annual entitlement for that job didn’t go over the threshold, would I be able to claim it back? If it were my only job, I think I would be entitled to a refund. But I’m not sure if it’s worth me investigating with SLC, for a relatively small amount per job each. What I don’t want to happen is for them to suddenly sting me for a large repayment bill if I go ahead and ask for the refund 

Ed-1

jamesgreggcatton said:

Hello,

Looking for some advice really as I’m not sure whether to pursue a refund

I work 3 different jobs - all connected to the NHS. One is a clinical role, one is a teaching role, another is a management job. I love working all three. 

I wasn’t aware initially when I started working, but have since found out about a loophole in the student loan system. Whereby, as none of my individual salaries take me over the repayment threshold, I don’t pay back much (if any at all) of my student loan. Whereas the combined salary of all 3 would place be in the repayment zone. 

Occasionally, over the last few years, there have been the odd occasion where in a month with a lot of overtime, or backpay, I might go over the monthly threshold and have some deductions taken. But if my annual entitlement for that job didn’t go over the threshold, would I be able to claim it back? If it were my only job, I think I would be entitled to a refund. But I’m not sure if it’s worth me investigating with SLC, for a relatively small amount per job each. What I don’t want to happen is for them to suddenly sting me for a large repayment bill if I go ahead and ask for the refund 

They can't sting you for more repayments as repayments are due on what you earn per job per pay period (like National Insurance), not on what you earn annually (unless you are in self-assessment when it is the annual income that is used).

You can only get a refund if your annual income is below the threshold though. Otherwise the repayments stand.