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.
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?
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