Student Loan Panic!

dannynixon

Rings a bell. My sister in law graduated 2 years ago and has been earning 18k since then. She mentioned a few months ago that she isn't paying anything yet but I am paying mine and graduated a year after her. I it possible that they just miss the payments?

Could you ring them and say I have started a job and I am earning over 15k and you are not taking the money? Don't mention you have had the job all of this time. If they ask then tell them. This could well be some sort of clerical error seeing as though you should not have to notify them anyway.

CLAPTON

brownbabygirl wrote: »

I have made OVER this threshold ever since i graduated. i dont know what to do and scared to contact them:eek:

you need to tell your EMPLOYER... its their payroll that needs to deduct the loan repayments.


When you started your job here, you should have filled in a P46... on the form there is a box to tick to say you have a student loan... it could easily have been overlooked.

amazingly, much of our tax and benefits systems assumes people are honest

brownbabygirl

CLAPTON wrote: »

you need to tell your EMPLOYER... its their payroll that needs to deduct the loan repayments.


When you started your job here, you should have filled in a P46... on the form there is a box to tick to say you have a student loan... it could easily have been overlooked.

amazingly, much of our tax and benefits systems assumes people are honest

dannynixon and clapton. thanks a lot for the info. I will do that. Felt guilty for long enough:o

Kavanne

OMG I must have missed that box.... Crap.

epiphone_2

Ive been abroad last 3 years, earning over the threshold. I didnt tell SLC that id moved abroad. Ive still been getting the account summary each year to my parents address.

So I can either:

keep quiet still and not pay anything back whilst abroad and see what happens when/if I do come back onto the UK PAYE system.

Contact them now and tell them Ive been living abroad last 3 years, and start paying now, and also could be punished for not telling them (high payback rates, or even a court order to pay back all at once, has anyone heard of this happening, for sure?)

Contact them now and tell them Ive just started a job abroad, and ive been travelling last 3 years not earning over threshold. Hope they dont want proof.

What do you suggest?

epiphone_2

Hi, I contacted the Student loan company via telephone and said I was living abroad (but not for how long) and they updated my address details. They then instructed me to fill in the "Overseas Income Asdessment" Form which I did giving my current Gross Salary and also last 3 pay slips and also detailing that the date I started work was 2005.

I got my monthly payment as 234 pound, but this was not calculated from my wages, as they didnt recieve my fax, this is a standard monthly repayment for overseas customers who dont provide salary information..

So sent my salary information and slips again but they ARE calculating it on my German Gross pay. But the 9% of my Gross pay is still over 200 quid. I guess that is correct, but then they are not taking into acount the higher gross pay due to higher taxes here in Germany compared to England.

They said, that I have to get letter of salary from Employer, to show that I get taxed 50ish% here in Germany. Dont know why my payslips which detail all the tax individually is not enough? Then with this letter they can re-evaluate my monthly contribution again.

But the good news is, that I didnt get any penalties.

Im not sure what the Student loan company would do if they contact/caught you before contacting them yourself, Ive read about a variety of punishments they can do, but in my case there has been none.