Student loans


Yahrba

Midfield
I went to university late and took student loans. Anyroad I'm now ( slightly early) retired and below repayment threshold but when my state pension kicks in I'll be above it.
Even though state pension is exempt from being counted as NI applicable income they class it as "unearned income" which isnt exempt and ill then be paying again .
Im not so much bothered at paying as the fact theyre counting 40 years of graft paying into national insurance as unearned income . Twats, its not as if im sat on a stocks portfolio and a row of rentals .
21st century , boomer problem but still its annoying , also makes me think twice about " rejoining the work force " as they want .
 
I went to university late and took student loans. Anyroad I'm now ( slightly early) retired and below repayment threshold but when my state pension kicks in I'll be above it.
Even though state pension is exempt from being counted as NI applicable income they class it as "unearned income" which isnt exempt and ill then be paying again .
Im not so much bothered at paying as the fact theyre counting 40 years of graft paying into national insurance as unearned income . Twats, its not as if im sat on a stocks portfolio and a row of rentals .
21st century , boomer problem but still its annoying , also makes me think twice about " rejoining the work force " as they want .
Can you not reduce the take from your private pension so you stay below the threshold?
 
Can you not reduce the take from your private pension so you stay below the threshold?
Dont have private mate all final salary so it actually increases the 'problem' over time as they go up indexed linked. i knar , i knar boo hoo but it still the principal of the state pension being " unearned" that burns
 
Dont have private mate all final salary so it actually increases the 'problem' over time as they go up indexed linked. i knar , i knar boo hoo but it still the principal of the state pension being " unearned" that burns
Not the worst problem to have marra.
 
I went to university late and took student loans. Anyroad I'm now ( slightly early) retired and below repayment threshold but when my state pension kicks in I'll be above it.
Even though state pension is exempt from being counted as NI applicable income they class it as "unearned income" which isnt exempt and ill then be paying again .
Im not so much bothered at paying as the fact theyre counting 40 years of graft paying into national insurance as unearned income . Twats, its not as if im sat on a stocks portfolio and a row of rentals .
21st century , boomer problem but still its annoying , also makes me think twice about " rejoining the work force " as they want .

Well to be fair you borrowed the money so it’s fair that you pay it back
 
Read the post mate , its a principal about status of state pension . Ive said more than once its buttons
Read it again…you suggest paying Is not your biggest concern but there’s a definite undertone of bellyaching about paying, especially in your think twice comment.

I don’t know why you think it’s not reasonable to expect to pay your way
 
Read it again…you suggest paying Is not your biggest concern but there’s a definite undertone of bellyaching about paying, especially in your think twice comment.

I don’t know why you think it’s not reasonable to expect to pay your way
The think twice is because if i returned to work the 9% student loan would be in addition to standard income tax . If you didnt actually have to work would that all in deduction rate on extra income not make you consider . The principal remains the same is my state pension funded by NI " unearned "
 
If you return to work, are they saying you would have to pay it by arrangement with them? Because for a deduction to happen through a payroll, you need to trigger it monthly in that employment.
 
If you return to work, are they saying you would have to pay it by arrangement with them? Because for a deduction to happen through a payroll, you need to trigger it monthly in that employment.
From what i can gather it would come into force paid directly to them when you submit a tax return .
Id probably not be back paye id be sole trader
 
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I went to university late and took student loans. Anyroad I'm now ( slightly early) retired and below repayment threshold but when my state pension kicks in I'll be above it.
Even though state pension is exempt from being counted as NI applicable income they class it as "unearned income" which isnt exempt and ill then be paying again .
Im not so much bothered at paying as the fact theyre counting 40 years of graft paying into national insurance as unearned income . Twats, its not as if im sat on a stocks portfolio and a row of rentals .
21st century , boomer problem but still its annoying , also makes me think twice about " rejoining the work force " as they want .

Come on then give us a laugh how much will the repayments be.
 
The think twice is because if i returned to work the 9% student loan would be in addition to standard income tax . If you didnt actually have to work would that all in deduction rate on extra income not make you consider . The principal remains the same is my state pension funded by NI " unearned "

Might be to do with the technicality your pension isn’t funded by your NI contributions. Your contributions went to people who were claiming when you were working.

Your pension is coming from those who are paying NI now. It isn’t a pension pot that you build up like other pensions. It’s a benefit funded by tax payers.

Or it might be because you’re not actually grafting for it.
 
Might be to do with the technicality your pension isn’t funded by your NI contributions. Your contributions went to people who were claiming when you were working.

Your pension is coming from those who are paying NI now. It isn’t a pension pot that you build up like other pensions. It’s a benefit funded by tax payers.

Or it might be because you’re not actually grafting for it.

Everyone pays tax in some form, not just through work. 👍
 

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