The Low Incomes Tax Reform Group (LITRG) is launching its new Tax Guide for Students website offering guidance to help those in further and higher education navigate their tax affairs.

The website covers a range of financial issues which are likely to affect a student, including: part-time employment; student loan repayments; tax refunds; tax credits and benefits; volunteering and training; and studying abroad. The guide also provides information about a future career in tax - a challenging but rewarding profession.

The site, which is sponsored by CIOT and is funded through an HMRC grant in partnership with the National Association of Student Money Advisers, will launch on Monday to coincide with National Student Money Week.

LITRG chairman Anthony Thomas said that students often worry that they might be paying too much tax or are unsure whether they are getting all the benefits they are entitled to.

'Our brand new Tax Guide for Students covers all the tax topics that those in further and higher education need to keep them aware of their obligations and on the right side of the taxman.

'Many students work part-time, whether during term time, in vacations or both. This means that some students with an income will be subject to tax. Apprentices will also be earning while they are on their course. As a rule, if you work and study it is important that you understand what income you can earn before starting to pay tax and national insurance contributions, what your payslip shows and means and, if you have overpaid tax, how you go about to obtain a refund.

'It is sometimes the case that students working during study are paying more tax than they should be, or alternatively, not paying enough and therefore may become liable for a penalty charge. Our guide has been created to help alleviate the tax troubles of students and save them money,' said Thomas.

To access the site go HERE