I currently have three jobs working for my university in a variety of departments.
Does anyone know if this effects the size of my student loan for next year (I'm working all through summer and term-time)? I'm in my first year and have recieved the maximum (tuition fee, maintenence loan + grant), but I'm unsure for next year as I'm earning a very sizeable amount each year.
Also, does having three jobs make my earnings taxable? Or is there a limit to which I can earn, where thereafter all earnings are taxed (or am I able to claim this back)?
If anyone can shed some light on this, I'd be greatful.
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Three jobs whilst at University! watch
- Thread Starter
- 14-04-2011 19:26
- 15-04-2011 13:25
How much are you making?
Anything after your personal allowance is taxable (£7,475 for 2011-12)
- 15-04-2011 17:48
Yes, it depends how much you earn.
- PS Helper
- 17-04-2011 01:04
Not true. Your own earnings while you're a student are not taken into account for funding. They're only interested in any UNearned income which is things like bank interest etc. Your own earnings have no impact on your loan entitlement.
In terms of your tax, your personal allowance will probably be shared between all three jobs. If you earn over £7475 for the (tax) year then some tax will be owing. Make sure you check the total paid at the end of the year as, in your situation with several jobs, I'd bet a substantial sum that you'll end up paying the wrong amount.