Amendment of the Education (Student Loans) (Repayment) Regulations 200913
In regulation 44—
a
in paragraph (2)(a) after “repayment threshold” insert “or default threshold”;
b
in paragraph (2)(b) after “repayment threshold” insert “or default threshold”; and
c
after paragraph (5) insert—
6
The default threshold is applicable until a date specified by HMRC in a notice given under regulation 49(1) to the employer where a borrower has only liability to repay a post-2012 student loan and has—
a
failed to declare whether or not liability solely relates to a post-2012 student loan under regulation 43(2); or
b
failed to inform their employer whether or not liability solely relates to a post-2012 student loan under regulation 43A.
7
The default threshold is the repayment threshold for a student loan which is not a post-2012 student loan as set out in regulation 29(7)(b) or (c) (as the case may be).