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The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024

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Changes over time for: Section 25

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There are currently no known outstanding effects for the The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024, Section 25. Help about Changes to Legislation

Insertion of regulation 70A (how to calculate applicable threshold)N.I.

This section has no associated Explanatory Memorandum

25.  After regulation 70 (repayment by income-related instalments) insert—

How to calculate applicable threshold

70A.  The applicable threshold is, in relation to a borrower’s loan, the amount—

(a)rounded up to the nearest £5 (if necessary), and

(b)being the product of—

(i)the repayment threshold for the loan, and

(ii)the country-specific multiplier for the borrower’s country of residence..

Commencement Information

I1Reg. 25 in operation at 6.4.2024, see reg. 1(2)

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