3 Things to Do This Summer with Your Student Tax Refund

from the blog.

3 Things to Do This Summer with Your Student Tax Refund

student tax refunds

If you’ve overpaid tax while working as a student, whether part-time, full-time or self-employed, you should claim back tax. With a 20% tax deduction from whatever you earn above the tax-free personal allowance of £11,500, you could be looking at a huge amount.

There are several reasons a student is over taxed, including being given an ’emergency’ or incorrect tax code while on student jobs as a PAYE employee. Regardless of the reason, you should claim back any tax you overpaid and spend it on your summer escapade.

Useful articles:

How to find out if you’re on Emergency Tax

What to do if you’re put on Emergency Tax

How to claim a PAYE tax refund

What can you do with your student tax refund?

1. Follow the music

Ever heard of tours built around music? Sail Beats takes you to some of the most beautiful places in the world that celebrate music and culture in the most unforgettable way. What better way to spend your tax refund than make amazing memories?

Find out more here

2. Explore exotic destinations

Ever been to Morocco, Spain or Portugal? How about Nepal or Cambodia? Yes, you can visit these places with your student tax refund as part of your travel money. If you’ve been over taxed for several tax years and didn’t file a claim, you’re going to have a bigger budget for tours in exotic destinations.

Travel Talk Tours offer some great adventure tour packages. Take a look here

3. Be part of the La Tomatina Festival

If throwing tomatoes at other people is frowned upon from where you are, joining the La Tomatina Festival in Valencia, Spain gives you an opportunity to experience it without being reprimanded.

You can book a cheap La Tomatina tour with Stoke here

Aside from travelling, you can also use your tax refund to enrol in school or training lessons, use as down payment for a car, or simply indulge yourself as a reward for working hard on various student jobs.

Think you may have overpaid tax on your student job? Apply for a student tax refund

Related Posts

Getting your owed money from Tax Refund Services in UK

Do you really prefer to spend your time filling out and editing tax forms, hoping that you will receive a tax refund, after all that work? Even after ensuring that all your paperwork is done correctly, how likely are you...

Self-Employed Individuals Encouraged to Reach New Deadlines for Tax Returns

The COVID-19 crisis is having far-reaching financial effects on individuals and companies alike in the UK and around the world. The Low Income Tax Reform Group (LITRG) says that self-employed individuals who have yet to submit their 2018/19 self-assessment tax...

Tips for Filing Your 2020 Self-Assessment Tax Return

If you were self-employed from 6th April 2018 to 5th April 2019 and have earned more than £ 1000, then you need to file a self-assessment tax return and pay any tax that you owe before 31 January. Self-Assessment is...

Leave a Reply

Translate »