Paying off student loan

[Glade]

The SLC only get an update annually from the inland revenue who collect my payments via PAYE. Therefore SLC don't know how much I have paid this year.

So if i settle with them, i will over-pay by all my contributions this year.

Apparently I can get in contact with HMRC who will tell me how much i have paid... then i can pass this to SLC who can settle my loan, and tell HMRC not to take any more money. HMRC will then send a message to my employer telling them to stop contributions.

I can see this not working out!!

Has anyone gone through it??

[Glade]

Sounds painful!!

I have a plan to pay off the balance as of last april to the SLC, minus 12 months payments... then hopefully HRMC will notify SLC of my 2008/2009 payments at the end of the tax year.

SLC should then instruct HMRC to stop deductions, who tell my employer to stop deductions.

The online system only works sparodically... so i'm not sure wether to trust it.

I have the feeling that if I ring up SLC it will be "computer says no".

[Glade]

I rang today... the balance they gave over the phone was different to the website.

Also they did acknowledge that i may end up overpaying because of the delay of them telling HMRC to tell my employer to stop making deductions.