Exactly about Repaying your education loan from abroad

Exactly about Repaying your education loan from abroad

You may need to grips along with your Student Loan repayments within the UK, exactly what occurs in the event that you move abroad? Do not bury the head into the sand, get clued up with this complete guide.

It really is probably the most commonly expected questions about student education loans in the united kingdom – is it necessary to repay your loan in the event that you move abroad?

In summary, yes you do – however your repayments will not be automatic, and you should need certainly to invest the legwork which means you do not get stung with costs (or worse) later on.

It could be a little bit of a hassle to thereforert out so we’ve slice the jargon and collected the known facts for your needs.

What’s on this site?

What the results are to your education loan whenever you move abroad?

If you are moving overseas for extended than 3 months then chances are you require to make contact with the scholar Loans Company (SLC) to sort away your Student Loan repayments.

While you are staying in the UK, you do not really should consider carefully your education loan repayments, as HMRC takes the amount of money immediately from your own paycheck each month if your wanting to also notice it – and provides it directly to the SLC.

As soon as you move abroad, HMRC is not any longer in charge, and it’s really your responsibility to share with the SLC simply how much you are earning and offer proof for the. (más…)