claim some tax back in the form of a student tax refund. So you could be in for a nice surprise… Find out how much you could claim back using our tax refund calculator.


Unfortunately you cannot claim back overpaid National Insurance contributions.


If you are planning to just work during the holiday periods and you know that you will not be earning above the personal tax allowance (see above) in the tax year then you can fill out a P38S form. This will mean that your employer will not deduct tax or PAYE from your earnings.


It is important to bear in mind that to fill out a P38S form you will have to attend a university included on the form, be studying up until May of the next year and earn under the tax-free threshold.


If you have any savings and earn under the allowance then you need to also tell your bank to pay you interest gross (pre-tax) rather than net (after tax). By default banks will deduct 20% tax from your interest earnings automatically!


How to Get a Student Tax Refund


Tax doesn’t have to be taxing!


Easy for them to say! But in fact, whilst it can be confusing it isn’t really that difficult for most students to apply for a tax rebate. If you want to find out how much of a tax refund you might be due call our freephone advice line 0800 8620258.


If You Have Left Work


To start with your application for a student tax refund you need to get a P45 from your previous employer (they have to supply you with one by law).


Then you will need to work out whether you have paid too much tax (use our tax calculator here). When you are sure that you have overpaid then you need to download a P50 form. Along with this you will need to send Part 2 and Part 3 of your P45 to HMRC and keep Part 1 as a personal copy.


If you find it too confusing, have lost or don’t have any of the forms, or simply don’t have the time or patience, then we can do everything for you via our new student tax back service.


Extra Tip: This also applies if you work abroad so check with the tax office before you plan to travel and work to avoid paying unneeded income tax.


How to Avoid Paying Tax


Your employer (unless you are self-employed) controls your tax payments to the government (HMRC) and they have to pay them by law. The tax is deducted from your pay slip as PAYE (pay-as-you-earn).


National Insurance is also paid if you earn above £139 a week.


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