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spyro25
Joined: 23 Nov 2004
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 Posted: Wed Apr 22, 2009 1:37 am Post subject: UK Student Loans Question |
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edit
Last edited by spyro25 on Tue Aug 04, 2009 6:45 pm; edited 1 time in total |
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hugekebab
Joined: 05 Jan 2008
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| Posted: Wed Apr 22, 2009 2:40 am Post subject: |
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Don't tell them! It is a crazy idea to tell them!
They will never find out. Just don't inform them. If they do find out, you will be in the same position as you would be if you did tell them, so you have nothing to lose by withholding.
If it came down to them finding out, then make sure you declare earnings below the threshold. (This can be found on their site.)
This company are notorious for being bastards, so heed my advice. |
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bish
Joined: 09 Jun 2007
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| Posted: Wed Apr 22, 2009 2:41 am Post subject: |
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I told them 6 months after the fact and was ok but I think you might have gone too far for them not to do anything if you tell them you are away now. Are you going back to the UK?
I think you best just wait till you get a job in the UK and they start taking it from PAYE. If they haven't got in touch with you at your UK address by now then you are probably ok as long as you don't suddenly get honest with them. |
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bish
Joined: 09 Jun 2007
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| Posted: Wed Apr 22, 2009 2:42 am Post subject: |
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| The threshold is 9000 quid per year... |
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RufusW
Joined: 14 Jun 2008
Location: Busan
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| Posted: Wed Apr 22, 2009 3:51 pm Post subject: |
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[Edited out incorrect information]
http://www.slc.co.uk/thresholds/index.html
Yea Bish, the threshold is 9K if you work in Korea.
| Quote: |
| you will repay 9% of your earnings over the repayment threshold |
So... for 2.4mil monthly you should pay around 40GBP a month. But on the websiet it says 147GBP "Monthly Default Repayment Amount".
Last edited by RufusW on Wed Apr 22, 2009 8:04 pm; edited 3 times in total |
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bish
Joined: 09 Jun 2007
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| Posted: Wed Apr 22, 2009 4:23 pm Post subject: |
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| The threshold is 9000 quid per year if you work in Korea. |
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spyro25
Joined: 23 Nov 2004
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| Posted: Wed Apr 22, 2009 6:39 pm Post subject: |
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edit
Last edited by spyro25 on Tue Aug 04, 2009 6:46 pm; edited 1 time in total |
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bish
Joined: 09 Jun 2007
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| Posted: Wed Apr 22, 2009 9:38 pm Post subject: |
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| you will be fine mate, they won't check it out and you will be under the threshold... |
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