Tax Rebates & Refunds

Tax rebates can help to boost student income

September 26, 2012
Posted in Tax Rebates — Written by Chris

Students often tend to take part-time jobs to supplement their income whilst they study. The income from this kind of casual or part-time work often falls below the tax threshold, but some students still end up paying more income tax than they need to.

Students also tend to work for only part of the year, such as during the summer holidays or over Christmas. However, even if they earn a lot in this time, these students could still be paying too much tax. This is because tax and tax codes are often worked out based on a full tax year of working, so your tax won’t be correct if you only work for part of the year.

These are just a few of the circumstances in which students are paying too much tax and may be entitled to tax refunds. Many don’t claim, either because they don’t know they may be entitled to tax rebates or they can’t be bothered to pursue the matter.

It is always worth finding out if you have a valid tax rebate claim, as it could potentially be worth hundreds of pounds to you. For a student, this kind of windfall can do wonders for topping up term-time income.

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