So I saw Martin Lewis the other day and he was saying that if you didn’t earn over the 21k mark in a tax year then you are due a refund of the student loan u pain in that year. So in 2010-2011 I went on maternity in July and wouldn’t have earned over the threshold I reckon I’m owed just over the £500 mark which would mean that I’d have to declare it as per my Iva T&C’s....do you think I can ask the student loan people of only refund me a portion and just stick the rest to repaying my student loan? So if I ask for £490 back I can keep it?!
I wouldn't have thought you could keep it ... much the same as the £500 de minimis doesn't aply to PPI refunds, this refund will probably not be regarded as a windfall. Only your IP can tell which way he or she would look at it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi guys,
Was this ever resolved? I'm in the same position. I emailed CreditFix earlier this week and haven't heard back yet, and have £581 coming into my bank from Student Loans. Will I have to give it straight to the IVA?
Thanks!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
