Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 14 Dec 2023 12:07:11 GMT by
Why is it that you pay your student loan back based on a monthly threshold. However, you can only get a refund if your annual income is under the annual threshold. In my example, we had some back pay in one month, which pushed me over the threshold for that month only (but wouldn't have if paid monthly), so I had to pay a student loan. I then got a pay rise, so I started paying student loan payments (fair enough). But based on my annual income, I will now have paid more of the loan than I should have, but I can't get the overpayment back as my annual income is over the threshold. In other words, they've taken too much when you look at it annually but won't give it back. Seems very unfair. Any thoughts?
Posted Tue, 19 Dec 2023 14:54:07 GMT by HMRC Admin 5

We have to wait until the end of the year to check your total income received to be able to confirm if any refund is due.

Thank you

You must be signed in to post in this forum.