SA and SLC Payments (2 Jobs)
Discussion
Situation
I have two income streams (different employers).
The first stream: I earn over £15k and am PAYE and the employer collects the SLC payments.
The second stream: I earn less than £15k and am PAYE and the employer does not collect SLC payments (but does collect PAYE tax).
I was always under the assumption that any second employment had it's own £15k limit for SLC payments.
However, when filling in my SA Tax return it lumps the two together as total income and then calculates SLC payments from this aggregate figure.
This now means they want £££ from me for SLC contributions on my second income stream.
I don't mind paying (as it is paying off my loan!), but I am curious as to the rules surrounding SLC payments on second employments/income streams.
Also, now I am completely PAYE, how do I go about asking them to cease sending me requests to fill in a SA form.
Eric Mc??
I have two income streams (different employers).
The first stream: I earn over £15k and am PAYE and the employer collects the SLC payments.
The second stream: I earn less than £15k and am PAYE and the employer does not collect SLC payments (but does collect PAYE tax).
I was always under the assumption that any second employment had it's own £15k limit for SLC payments.
However, when filling in my SA Tax return it lumps the two together as total income and then calculates SLC payments from this aggregate figure.
This now means they want £££ from me for SLC contributions on my second income stream.
I don't mind paying (as it is paying off my loan!), but I am curious as to the rules surrounding SLC payments on second employments/income streams.
Also, now I am completely PAYE, how do I go about asking them to cease sending me requests to fill in a SA form.
Eric Mc??
Edited by Merlot on Monday 18th January 22:08
Repaying your student loan, page 14 onwards.
Seems you get a £15,000 allowance for each PAYE job (like you do now) but only one allowance for all income if you're doing SA at all.
Seems you get a £15,000 allowance for each PAYE job (like you do now) but only one allowance for all income if you're doing SA at all.
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