Korean Job Discussion Forums

[v15ben]

I've decided to stave off the nail biting wait for my NOA by thinking about the boring side of getting paid, the Student Loan!

Reading on their website I basically fill in a form, let them know my monthly income and pay 9% on anything over a �9k threshold or pay about �150 a month minimum if I don't bother to tell them!

So what actually happens then? I know Student Loans aren't exactly the best organised body in the world!

How do people pay each month? How much and how easy is it to do?

Answers on a postcard

[Caffeinated]

Money transfer to their account. Costs 8000won.

[SSA]

on their website you print an overseas income assessment form. They also have a breakdown on the currency conversions that they think equal �15000 minimum in order for you to pay. So in Korea they think once you earn �9000 you are earning the equivalent of �15000 in the UK. So you would have to pay.

However you HAVE to fill out an overseas assessment form which basically consists of where you work, what you earn and what currency. Then they calculate what you pay. I pay �33p/m minimum and I set up a direct debit with my bank in the UK to save the transfer costs and monthly trip to a Korean bank. on the form you will fill out has the direct debit slip on it as well. You must also send photocopys of pay-slips/stubs.

However the form is only valid for 12 months. After that you have to send another form. If you change jobs before 12 months passed you must send a new form.

I usually send a cover letter with a simple break down of my employment since the last form was sent.

I hope this helps.

[v15ben]

Thanks for the info guys. I will get onto this once I've got my NOA.

My other question based on the experiences of other friends working overseas is will SLC actually check up on you and ask for their money?

The reason I ask is that many people seem to save up the equivalent of what they need to pay and pay it off in a lump sum when they get back to the UK. Is that a valid option too if I decided not to fill in the forms in advance?

[chellovek]

[v15ben]

I have heard that from a lot of friends and others working overseas. I will probably just save some cash each month then shock the SLC by ringing them to make a payment

[.38 Special]

[ippy]

[missty]

I've been living abroad for 5 years now and haven't heard a thing from them. Still, this thread is useful. I think I might actually now have the motivation to sort it out. I don't want the day to come when I have a huge bill coming through the post for lack of payments.