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Did you know ... Inland Revenue add a $40 administration fee each year to your student loan balance?

The fee is charged on the 1st of April if the outstanding balance is $20 or more on that date.

With 1 April 2018 not too far away, if you are close to paying off your student loan it may be beneficial to make a voluntary payment now to clear the balance, before the administration fee is due to be charged.

Have any questions regarding your student loan? Feel free to contact us - we will be happy to assist.

Income adjustments for student loan purposes

Did you know …

That there are a number of income adjustments you are legally obligated to advise Inland Revenue about with regard to your student loan?

They use this information to calculate whether you are due to make a year-end repayment on your loan. These adjustments can amount to significant repayment obligations – which you may be unprepared for!

Read more…
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Ean Brown
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Chartered Accountant
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Chartered Accountant
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Pam Brown
Accounting Technician
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Chartered Accountant
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Accountant
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Chartered Accountant
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Administration
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Administration
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Reception
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Administration
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