Hi,
When I completed my Tax Return for 13-14, I was hit with a nasty shock.
During this time, I was employed 5 days per week all year round by two different places of employment.
I paid my taxes and had everything in place. At the time, I had noticed that only one job appeared to be contributing to my Student Loan. I sent the SLC a letter asking them to let me know if there were any discrepancies as I had expected I would pay the loan back for both employments, though had never been in that situation before, so didn't know if it was normal or not. I did not hear back, so assumed all was well and everything was in order.
After completing my tax return, it appears I have been left with a £850.00 tax bill for 'student loan'. I was expecting to owe no taxs as I had been employed at the time and it was the responsibly of my employer to pay my taxes. I had duly informed the SLC of my job circumstances and I am staggered at this large bill. I thought the SLC were supposed to pass current data on to an employer such that they knew how much to deduct from your take home pay.
I submitted my tax return with an explanation similar to the above in the notes. I am going to follow this up with a phone call in the week.
Can anyone advise me on what my options are? Obviously, I would like to pay the loan off, but being hit with such a large sum, is not only unexpected but completely unaffordable at this stage.
Your helpful suggestions would be much appreciated :beer:
When I completed my Tax Return for 13-14, I was hit with a nasty shock.
During this time, I was employed 5 days per week all year round by two different places of employment.
I paid my taxes and had everything in place. At the time, I had noticed that only one job appeared to be contributing to my Student Loan. I sent the SLC a letter asking them to let me know if there were any discrepancies as I had expected I would pay the loan back for both employments, though had never been in that situation before, so didn't know if it was normal or not. I did not hear back, so assumed all was well and everything was in order.
After completing my tax return, it appears I have been left with a £850.00 tax bill for 'student loan'. I was expecting to owe no taxs as I had been employed at the time and it was the responsibly of my employer to pay my taxes. I had duly informed the SLC of my job circumstances and I am staggered at this large bill. I thought the SLC were supposed to pass current data on to an employer such that they knew how much to deduct from your take home pay.
I submitted my tax return with an explanation similar to the above in the notes. I am going to follow this up with a phone call in the week.
Can anyone advise me on what my options are? Obviously, I would like to pay the loan off, but being hit with such a large sum, is not only unexpected but completely unaffordable at this stage.
Your helpful suggestions would be much appreciated :beer: