If incompetant accountants pay wrong amount of student loan what happens?

[NannyL]

just been sorting through may pay figures...

was sure they are wrong and they are but thats another story...

some how though my bosses accountant has underpaid the amount of student loan i should have paid (by about £128 over the year)

Has also over paid tax by about £363 (I know i can get this back but cant be bothered with the hassel but will have to

Anyway the thing with student loans is the whole point of them is that they are stressfully taken from your salary.... well its not my fault that the incompetant accountant cant add up / do figures GRRRRR
(Im using the figure 9% of anything above £15k, feel free to correct me if im wrong, but thats the last bit of information i had about rates from the student loans company!)

I personally would be better off at working out my pay then the stupid accountant guy.

HELP PLEASE!!!!!!

(I am only 'normal' and i cant see why i would have anything other than a normal tax code if it makes a difference?)

meant to say 'unstressfully'

anyone?

Hello...

I just thought I'd let you know that if you have no idea what is going on with the Student Loan Company you are not alone...

In principle your employer should calculate your repayments on the same frequency that you are paid. If you are paid monthly they deduct the threshold amount (£1250) from your Gross pay (this does not include tax-free benefits) and then take 9% of the remainder. If you are paid weekly then they deduct £288 and take 9% of the remainder etc. This seems to work for my pay most of the time, but there have been random months when I haven't paid anything at all for some unknown reason despite earning way over £1250.

It is your employer's responsibility to calculate and pay this so they would not chase you for underpayment, but if you want to pay it faster you can contact them direct and do so.

I also haven't had a statement since April 2005 so if you are confused and have no idea what they are up to then you are not alone...

I hope this helps...

thank you so much!

So i can assume as its my employers responsibilty i can just claim to be ignorant and get them to chase my boss?

(I have no desire to repay it faster btw )

An update for anyone reading this thread

the same incompetant accountant (who had completley under paid me (by nearly £2k gross ) yet over paid my tax extortionately, meant i had to submit a tax return (i though being employed meant you dont have to do these things...

anyway, the student loan was automatically deducted from my rather large tax rebate!