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.”