Hi all,
I have just moved from Belfast to Dublin. I am working within the same company, however I am now transferred into the Dublin office; meaning as of October 2023 I will be taken off the NI Payroll and put on ROI payroll.
I have registered for Revenue.ie this month and I'm wondering about NI Student Loan repayments. As previously employed in NI the repayment was automatically taken from my income, however from my understanding I now must set up a direct debit to repay? I also must inform SLC that I have moved abroad and of my new job in the south.
One thing I'm stuck on is how much I have to repay. I was on a salary of €30,000 (approx £26-27000) last year and this year I'm on €35,000 (approx £30,000). I have tried using the online calculators and can't figure out what I have to repay monthly. I have read it's 9% but I don't understand, 9% of what.
Last year I was paying monthly:
PAYE - £230
NI - £138.04
Student Loan Plan 1 - £32
Would anyone have a rough estimate on how much I would repay monthly? Or should I update SLC and see what figure they give me?
I have friends that are in Australia and America and aren't paying as they are overseas, even though they are earning over the threshold. Should I do this?
Any advice is appreciated
Thanks for reading.
I have just moved from Belfast to Dublin. I am working within the same company, however I am now transferred into the Dublin office; meaning as of October 2023 I will be taken off the NI Payroll and put on ROI payroll.
I have registered for Revenue.ie this month and I'm wondering about NI Student Loan repayments. As previously employed in NI the repayment was automatically taken from my income, however from my understanding I now must set up a direct debit to repay? I also must inform SLC that I have moved abroad and of my new job in the south.
One thing I'm stuck on is how much I have to repay. I was on a salary of €30,000 (approx £26-27000) last year and this year I'm on €35,000 (approx £30,000). I have tried using the online calculators and can't figure out what I have to repay monthly. I have read it's 9% but I don't understand, 9% of what.
Last year I was paying monthly:
PAYE - £230
NI - £138.04
Student Loan Plan 1 - £32
Would anyone have a rough estimate on how much I would repay monthly? Or should I update SLC and see what figure they give me?
I have friends that are in Australia and America and aren't paying as they are overseas, even though they are earning over the threshold. Should I do this?
Any advice is appreciated
Thanks for reading.