Martin Lewis Money Saving Expert: Could you be owed HUNDREDS thanks to this admin error?

Martin Lewis, Money Saving Expert, appeared on This Morning today and revealed that some Britons could be owed hundreds of pounds.

Students could be £100s out of pocket, wrongly paying their student loan back too early.

Martin Lewis said on the ITV programme: “If you know someone who has recently graduated from uni you need to listen up and spread the message to them – they could be owed £100s.”

This is usually down to an admin error by the graduate or their employer.

The expert added: “Normally, once graduated, they should only start repaying their student loan the following April after graduation, and only then if they’re earning above £21,000. 

“Yet around 103,000 recent graduates, in the last 3 years alone (and many more beforehand) across the UK have begun inadvertently paying back their loan earlier than they needed to.”

How to check if you are paying the correct student loan

Britons need to check their old payslips to see if student loan repayments were deducted when they shouldn’t have been.

Martin added: “Or you can call the SLC on 0300 100 0611 and ask them to check and give your money back. 

“Just say you think you started paying back your student loan before the April following your graduation, and you would like to reclaim that money.

“There are no restrictions on how far back you can claim, so while many doing this will be recent graduates, there’s nothing to stop you doing this even if you overpaid years ago.”

Yesterday Martin Lewis revealed why gift cards could be a bad present this Christmas.

Martin Lewis warned Britons to beware giving gift cards this Christmas on Good Morning Britain this morning.

Up to 50 per cent off Chirstmas decorations

Martin also told viewers: “Currently go online or in-store to House of Fraser you can get up to 50 per cent off Christmas decorations and 40 per cent off artificial Christmas trees. 

“For example you can get a Linea 6ft Champoluc pencil Christmas tree for £24 (was £40) and a Champagne star Christmas tree topper for £8 (was £16). Delivery’s £3.50 or you can collect from a store for free. 

“Debenhams (online and in-store) also has up to 40 per cent off Christmas decorations, Christmas trees and up to 60 per cent off selected crackers.”