Job Discussion Forums

[malu]

Beware! This point was raised on another country forum but affects UK citizens resident in Indonesia with a student loan.

As from April 1 the income thresholds have been altered "to take account of differences in the cost of living" in other countries. For Brits in Indonesia with a student loan that started after 1 September 1998 the annual threshold is GBP3000.

What this means is that the SLC wants 9% of everything you earn above Rp4.5Jt per month.

The party is over, chaps.

[bule_boy69]

Had a look at the SLC website and couldnt find anything about this....

Where did U see it?

Ta...

[malu]

Sorry for late response. URL is www.slc.co.uk/thresholds/index.html

[bule_boy69]

Thanks Malu...

Bit confusing..

I only just deferred mine and there was no mention of this at all.

It mentions a figure of 15k Sterling for Australia but I earn more than that and it's been deferred.

Cheers

[Fishy]

If you started your uni and student loan life before 1998 (as I did woohoo) you don't have to worry about anything. I never intend on paying mine back, I seem to remember they scrap everything I owe when I reach 50

[bule_boy69]

Hmmm downer...

I've got three loans '96, 97 and '99.

I'm sure u fellas have some avoidance strategies... not that i would dream of deceiving our beloved SLC that is.

Good luck

[eddie honda]

if your 1st loan was before 1998 then you have different repayment terms. the only repayment threshold is the UK one i.e. 17000 pounds a year or something ike that

[Fishy]

It all depends on when your first loan was. Mine was '96 so when I went back and borrowed more money this year to do my PGCE, the loan got added to my original contract.

[malu]

Note that the new thresholds seem to apply for the year beginning 6 April 2008. Those who deferred their loan recently did so for the 2007/2008 tax year.

The taxi meter is ticking now.