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Overcharged in student loan repayments

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Comments

  • QrizB
    QrizB Posts: 24,695 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    edited 19 July at 10:31AM

    Surely its per annum

    But it isn't.

    Per https://www.gov.uk/repaying-your-student-loan/what-you-pay

    1000010562.png

    So it's calculated per pay period, but you can only ask for a refund if your annual income is less than the threshold.

    If they want to make it per month then they should do just that and have monthly earnings numbers for the thresholds in all the paperwork

    The weekly and monthly thresholds are on that same webpage:

    1000010563.png
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  • silvercar
    silvercar Posts: 51,397 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper

    the easiest thing to do, without turning down overtime, is to try and smooth your monthly income eg by not putting in overtime claims too punctually if you want to move some overtime to the next month’s pay calculation.

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