Student Tax Services are a unique organisation offering free tax advice exclusively to students. Expert tax advice can be expensive; so many students neglect this aspect of their finances. This can mean that tax is overpaid, and students are often unaware. We aim to change that.
Students who have part time, gap year and summer work are likely to overpay income tax, this can be as a result of having more than one employer in a tax year. Our advisory service is free to use, and offers facilities such as a tax calculator that tells the user in clear terms whether they have overpaid tax, and if so by how much. In addition to this it also supplies general information and forms relevant to students. We also offer students the chance to have us claim their tax back on their behalf. This is a last resort, as we aim to empower students to reclaim their own tax. For this service we charge a fee of £50 + VAT in order to cover the administrative costs involved. Many commercial companies who offer this service charge up to 40% of the amount reclaimed.
We have dealt with London South Bank University in the past and this is what they have to say about us:
“Student Tax Services recently delivered a drop in session at London South Bank University (LSBU) and provided free tax information to our students. STS provided posters and excellent publicity materials. Being able to publicise the visit so well meant that we were able to make sure many of our students received help with any tax related queries.
The drop in session itself was very well organised by STS and the adviser was able to efficiently deal with high numbers of students throughout the day. The advice given to students was very beneficial and resulted in some students being able to claim a tax rebate.
The service that STS offer is invaluable, it is tailored to students and the advisers help to make a complicated subject, clear and less daunting for students. We would definitely like to work with STS again in the future”.
LSBU have also requested that we attend their fresher’s fair, and give a presentation to their students later on in the year.
It is increasingly difficult for young people to fund their way through University. The introduction of top-up fees hasn’t helped, and the potential for lifting the cap on fees will cause even more problems. Additional pressure comes from the economy; parents may be unable to offer the level of support required due to their own financial concerns. This means that it is essential for students that they receive all the money to which they are legally entitled. This is a strongly relevant topic, not only to students but to their parents too. We have helped students gain tax rebates from the last 6 years, often upwards of £1000.
In addition to our free service we are also entering all new registrants to our website into a free prize draw to win £150 worth of Amazon vouchers (closing date 31st October 09).
Public Relations Officer
Student Tax Services