I just received the result of my Student Loans Overseas Assessment Form. I earn 42 000 € a year gross salary in France (32 341 GBP) and I am being charged 124 GBP a month in repayments.
This seems high, as according to the formula:
32 000 - 21 000 = 11 000
9% of 11 000 = 990
990/12 = 82.5
Secondly, does the calculation take into account national insurance contributions? Because from my 3 500 € month wage is extracted almost 900 € "charges sociales" which is the French equivalent of national insurance contributions.
Thank you for these clarifications.
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Overseas Payment watch
- Thread Starter
- 20-01-2016 20:51
Mark Lee - SFE Official Adviser
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Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 22-01-2016 13:32
For repayment queries please see the website: http://bit.ly/1kg0AGq or call: 0300 100 0611
The amount to repay will depend on the gross income from all sources and the plan you are on. We will have assessed this using the evidence you have supplied.