Student Finance: Are All Students Due Income Tax Back?

As a student, are you due income tax back? It is a commonly held belief that if you are in full time education you do not have to pay tax.

This is sadly wrong and it makes no difference if you are 3 or 33 you still have to pay income tax if you earn over your tax free allowance (currently £5,225)

There is however a happy ending to this story. If you are a student and your are working, it is quiet likely that you may be due a tax refund. The reason behind this is the fact that most student who do work will not earn below their personal allowance. Many employers will tax you regardless of how much you have earned, either because they are lazy or because they do not have the correct paper work. If you have paid too much tax, you can forget about the Inland Revenue contacting you to tell you.

Students are one of the poorest people in society as they earn very little, if anything at all. Therefore don't let the government take the small amount of money that you do earn. Check to see if you are due any tax back, you have nothing to loose and could be in for a big windfall.

The year you go into the real world to find a job you will have only worked for part of a tax year, another factor which will help secure a tax refund. Remember you can claim any tax back up to six years ago, so think about any summer jobs or holiday worked you might have had.

Tax Fix operates the most affordable Tax Refund Service. Why not check to see if you are due Tax Back today? They work on a 'No tax back, No Fee' basis.

Related Links
Tax Fix Website

About Young-Investor.co.uk

WWW.YOUNG-INVESTOR.CO.UK
When most young people hear the word "invest" they immediately think of middle-aged men who work in the city.

In fact the word "invest" actually means "to devote time or energy with the expectation of a worthwhile result" (Oxford English Dictionary).

YOUNG-INVESTOR.CO.UK works on the understanding that everything we do (starting a business, giving the right impression, learning, entertainment, going to work, saving, meeting other people) is an investment. Why? Look it up in the Oxford English Dictionary yourself!

YOUNG-INVESTOR.CO.UK aims to point you in the right direction. We are dedicated to ensuring our readers are inspired to make a success of themselves. How?
1. Interesting, inspirational interviews with already successful young people offering their hints and tips.

2. Regular columns from experienced, knowledgeable writers giving helpful advice on useful topics such as getting a promotion, health and setting up a business.

3. Features devoted to explaining subject areas which, up until now, have been too distant and boring for young people to understand (i.e. money, politics).

4. Open, pragmatic journalism which genuinely engages the readers and encourages them to get involved with the magazine any way they can (mainly via our online forum and a feature called Out and About).

5. An understanding of what’s cool and fun.

YOUNG-INVESTOR.CO.UK is every young person’s friend. We are not a money-hungry multi-million pound organisation. We are not aimed at any specific culture, ethnicity or class…we are simply a group of young people who understand how bloody difficult life is!

We empathise with young people and their endless struggle to do what’s best. We’re making it our mission and our duty to help young people in as many ways as we can through exciting, cutting-edge, inspirational journalism.

We are "inspiring young people to invest in success."

YOUNG-INVESTOR.CO.UK – the hub of young, ambitious people.

Related Links
Student News
University News
College News