The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022

Amendments to regulation 44 (amount of repayments) E+W

41.—(1) In regulation 44(1)—

(a) in sub-paragraph (a), for “student loan” substitute “plan 1, 2, 4, or 5 loan”;

(b) in sub-paragraph (b), for “postgraduate degree loan” substitute “plan 3 loan”.

(2) In regulation 44(2A)—

(a) for “(1)” substitute “(1)(b)”;

(b) for “due—” to the end substitute “under paragraph (1)(a)”.

(3) For regulation 44(6) substitute—

“(6)  The default threshold applies—

(a) if, in relation to a plan 1, 2, 4 or 5 loan, the borrower fails to comply with regulation 43 (which relates to repayments liability), and

(b) until the date specified by HMRC in a notice given to the borrower’s employer under regulation 49(1).”.

(4) For regulation 44(7) substitute—

“(7) The default threshold is whichever repayment threshold for a plan 1, 2, 4 or 5 loan is the lowest repayment threshold.”

Commencement Information

I1 Reg. 41 in force at 6.4.2023, see reg. 2(2)