I'm probably misunderstanding how PAYE works but here's my question anyway.
Up until a few weeks ago I was paying off my student loan via PAYE. As I got the letter from SLC suggesting switching to direct debit as I was close to paying it off I set this up with them and they informed my umbrella to stop taking payments.
Now I'm finding I'm paying no student loan but more PAYE. Roughly the same amount extra that the loan payment was.
Am I wrong for thinking I'd be paying the same amount of PAYE?
Thanks in advance.
Paul.
Up until a few weeks ago I was paying off my student loan via PAYE. As I got the letter from SLC suggesting switching to direct debit as I was close to paying it off I set this up with them and they informed my umbrella to stop taking payments.
Now I'm finding I'm paying no student loan but more PAYE. Roughly the same amount extra that the loan payment was.
Am I wrong for thinking I'd be paying the same amount of PAYE?
Thanks in advance.
Paul.
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