Amendment of the Repayment of Student Loans (Scotland) Regulations 2000

6.  In regulation 13B(1) (calculation of fixed instalment and applicable threshold)—

(a) in paragraph (2), after “table” insert “as read with paragraph (2A)”; and

(b) after paragraph (2) insert—

“(2A) On 6th April 2012, and on 6th April of each subsequent year until and including 6th April 2015, each amount in the column headed “Applicable Threshold” in the table in paragraph (2) shall increase to an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—

• X is the amount in the column entitled “Applicable Threshold” immediately before 6th April, and

• Y is the percentage increase between the retail prices all items index published by the Office for National Statistics for the two Marches immediately before the previous year of assessment.”.

(1)

Regulation 13B was added by S.S.I. 2007/159.