[raechelle]

don't turn down a pay rise!
it's not that much and if you're earning over £21k chances are you won't notice it too much. plus you might not be able to work your way up. no point turning down a pay rise just to stop yourself paying back a loan.

[VtecMB3]

(Original post by GdotL)
LOL I initially wrote Pakistani but I thought I'd get a hate brigade so I changed it! No offence intended btw

Haha

[Origami Bullets]

(Original post by VtecMB3)
Oh okay, and to the question of what if i get a pay rise, i just wont accept it. So basically will have 1 legit job, and another job thats cash in hand. Loads of people have jobs paid cash in hand

Thanks for all the replies.

But it will still be worth taking - you'll only pay 9% of it in student loan, 20% will go on tax, and the remaining 71% will be yours (after tax)

You seem determined not to pay off your student loan, even if it is detrimental to you (and having HMRC find out that you're evading tax is more than just detrimental). Bizarre.

[HeyyImRyan]

(Original post by VtecMB3)
Thanks for that point! So over 15 grand and u have to declare it. Got it.

Wouldn't be the case because it is off of your total income - if your salaried job was 20k then any 'cash in hand' income would have to be declared for taxes regardless.

You pay taxes on all income over a certain threshold (£9,000 I think), so you'd be liable to prosecution for tax evasion.


£20,000 and a cash-in-hand job earning £1,500 both have to be declared for national insurance and tax deductions.




Edit: You're considering sitting on ~£20,000 for 30 years of your life, by the age of 50 you'll still be earning just £20,000 all to get your uni loans struck off? Seems stupid and bizarre, might as well not go to uni in the first place if you intend to earn no more than £20k until into your 50s

[VtecMB3]

Like i said, it was just an idea. Obviously im not going to get a degree then live on a 20K job all my life. Thats just stupid. It was just an idea. Thats all, im not really going to do that. And forget about the cash in hand jobs. End of.

[Dragonfly07]

(Original post by Aack)
I would consider our tax system unethical.

why

[Aack]

(Original post by Dragonfly07)
why

Oh boy...where to begin?

[Dragonfly07]

(Original post by Aack)
Oh boy...where to begin?

Start with the argument you would find most convincing.

[Aack]

(Original post by Dragonfly07)
Start with the argument you would find most convincing.

PAYE.

[Dragonfly07]

(Original post by Aack)
PAYE.

I don't understand what's wrong with that other than that I think it should start at a slightly higher higher pay.

[Origami Bullets]

(Original post by Aack)
PAYE.

What would you prefer - poll tax?

[Aack]

(Original post by Dragonfly07)
I don't understand what's wrong with that other than that I think it should start at a slightly higher higher pay.

Well compare it to people who don't pay tax via PAYE.

[kka25]

(Original post by Origami Bullets)
What would you prefer - poll tax?

Owh, dear.

[-chiquitita]

As far as I understand you only pay the 9% back on the money that you earn over the threshold. So if you have to start paying back money at £21,000, and you go straight into a decent job earning £30,000, you pay just over £800 a year. That doesn't seem that much, considering your degree directly contributes to your above-average income.


This was posted from The Student Room's iPhone/iPad App

[Dragonfly07]

(Original post by Aack)
Well compare it to people who don't pay tax via PAYE.

You do know where your tax money is going, right?

[Aack]

(Original post by Dragonfly07)
You do know where your tax money is going, right?

Yes, mainly into my own pocket whereas yours goes to the Treasury.