Tax and National Insurance (NI)
Tax and National Insurance are statutory obligations for most people who are taking up employment, even if only on a Part Time basis.
Most people have a basic personal allowance of £10,000. This means that you only pay tax on earnings above this figure in the current tax year.
If you have paid tax in a year in which you did not exceed your personal allowance you may be entitled to a tax refund.
For further details about how to if you are entitled to a tax refund please see - www.hmrc.gov.uk/students
It is important to keep P45s and P60s to back up your claim.
Contact your local Tax Office for further information. www.hmrc.gov.uk/menus/contactus.shtml
If you only work during the vacation period, ask your employer if you can fill out a P38(S) form. You should then be paid without tax being deducted.
National Insurance (NI)
National Insurance (NI) is payable on earnings above £149.00 per week.
Useful sources of further information are:
Student Finance England (SFE) applications for 2014/15 available, apply online now!
RVC Bursary payment for 2014/15 is in March 2015, letter will be send out from Jan 2015. To view correspondence Login
US Loan 2014/15
New students; only apply after 1st May 2014. More Info
Continuing students; only apply after 15th May 2014 More Info
All your loan emails & documents should always be send to Financialaidoffice@rvc.ac.uk