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The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009

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Point in time view as at 21/09/2021.

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There are currently no known outstanding effects for the The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009, Section 39. Help about Changes to Legislation

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Amount of repaymentsN.I.

39.—(1) The repayment deducted must be 9% of any earnings paid to, or provided to or for the benefit of, the borrower in respect of the employment which exceed the threshold specified in paragraph (2).

(2) The threshold is—

(a)[F1the repayment threshold], where the earnings period specified in respect of those earnings is a tax year; or

(b)in any other case, the amount which bears the same relation to [F2the repayment threshold] as the number of days, weeks or months of the earnings period specified in respect of those earnings bears to the number of days, weeks or months in the tax year respectively.

(3) Where a repayment calculated under paragraph (1) includes pence as well as pounds the pence are to be ignored.

(4) Alternatively, the repayment calculated under paragraph (1) may be calculated in accordance with the appropriate table prepared by the Department.

(5) Where a table would otherwise be appropriate, but the earnings period is a multiple of the period in the table, then the table may be applied by—

(a)dividing the actual earnings by such figure (X) as will give the earnings earned for the period shown in the table;

(b)taking the appropriate repayment specified in the table; and

(c)multiplying the table repayment sum by figure X,

to produce the appropriate payment sum for the actual earnings period.

Textual Amendments

Commencement Information

I1Reg. 39 in operation at 6.4.2009, see reg. 1(1)

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