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

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Changes over time for: Section 24

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Point in time view as at 06/04/2024.

Changes to legislation:

There are currently no known outstanding effects for the The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024, Section 24. Help about Changes to Legislation

Amendments to regulation 70 (repayment by income-related instalments)N.I.

This section has no associated Explanatory Memorandum

24.  In regulation 70(1) (repayment by income-related instalments)—

(a)for paragraph (4) substitute —

(4) The relevant amount is 9% of the gross income which the Department consider the borrower is likely to receive in the next 12 month period following the date of the determination referred to in paragraph (2), disregarding—

(a)income up to the applicable threshold, calculated in accordance with regulation 70A; and

(b)income in respect of which the Department is satisfied that repayments are likely to be made under Part 3 or 4.

(b)in paragraph (5) for “the instalment”, substitute “each instalment”.

Commencement Information

I1Reg. 24 in operation at 6.4.2024, see reg. 1(2)

(1)

Regulation 70 was amended by S.R. 2012 No. 136 and S.R 2013 No. 68.

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