Student loan repayments - automatic?

[Justjoinedforthis]

Hello, I wonder if anyone can help. I have just gone from part time back to full time, and as of Sept am over the threshold for repayments. But nothing was deducted from my first payslip - is it calculated by year or something, or is it an error? It is so hard to get through to them on the phone so thought I would ask here first. The monthly repayments are next to nothing but I am scared of ignoring it then getting a huge bill.
Many thanks

I imagine it is done in real time so once hmrc sees your wage increase they’ll adjust it accordingly? Does your employer also realise? You can log into your student finance account at the .gov page and see what your details say?

If your monthly repayments should be next to nothing then it could be you don't actually have to pay.

I was looking up pensions for DH yesterday and noticed that the student loan threshold is after deductions for pensions. That automatically gives you a few thousand a year more income.

I'm not sure if it's after tax and NI

Usually you have to indicate to payroll that you have a SL and deductions are made accordingly.

I have recently gone over the threshold and have had payments deducted from my payslip. When I joined the company I had to supply the information about which student loan plan I was on and then it has been taken directly. I did not have to do anything.

Thanks for all the replies I will speak to payroll!

They wouldn’t take a lump sum even if it was delayed. They’d just keep taking the smaller amount for longer.

It just takes a bit of time for them to catch up.

@Hopefullysweatmightbewee

They wouldn’t take a lump sum even if it was delayed. They’d just keep taking the smaller amount for longer.

It just takes a bit of time for them to catch up.

Ah that’s great thank you

So long as hr ticked the box it will start coming out.

I had several years where I underpaid due to multiple simultaneous jobs all giving me the allowance and at the end of each tax year I phoned up to settle as as I was paying a decent amount each month and on track to clear the loan they just let the extra go. If you don’t look likely to ever clear the loan they may and can ask for the extra back but you would have lots of time to plan for that.