Member Since: 16th Nov 2013
15th Apr 2019
1. What does FHL stand for please?
2. Where a borrower has fluctuating PAYE earnings, is the SLC deduction cumulative? Eg if earnings are paid monthly and January earnings exceed 1/12 of the repayment threshold, so that an SLC deduction is made in that month for 9% of the excess, will there be an automatic adjustment in a subsequent month if earnings are less than 1/12 of the threshold? Or is a wrap-up adjustment made at the end of the tax year?
Many thanks, Andrew