PART 2Amendment of the Education (Student Loans) (Repayment) Regulations 2009
Amendment of Part 3 (repayments by assessment to income tax)
Amendments to regulation 29 (time for and amount of repayments)33.
(1)
In regulation 29(1), omit “or a postgraduate degree loan”.
(2)
In regulation 29(3)—
(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”
.
(3)
In regulation 29(3A)—
(a)
for “(3)” substitute “(3)(b)”
;
(b)
for “due by—” to the end substitute “under paragraph (3)(a)”
.
(4)
Omit regulation 29(4)(b) and (f).
(5)
In regulation 29(5), for “the 2005 Act” substitute “the Income Tax (Trading and Other Income) Act 200529”
.
(6)
After regulation 29(5) insert—
“(5A)
If a borrower is required to repay a combination of plan 1, 2, 4 or 5 loans, the repayment threshold for the loan with the lowest repayment threshold applies.
(5B)
In this regulation—
“the 2007 Act” means the Income Tax Act 200730;“jobseeker’s allowance” has the meaning given in section 1(1) of the Jobseekers Act 199531.”.
(7)
Omit regulation 29(6) to (10).