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The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022
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Insertion of regulation 75A (how to calculate applicable threshold)
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60. After regulation 75 (repayment by income-related instalments) insert—
“How to calculate applicable threshold
75A. The applicable threshold is, in relation to a borrower’s loan, the amount—
(a)rounded up to the nearest £5 (if necessary), and
(b)being the product of—
(i)the repayment threshold for the loan, and
(ii)the country-specific multiplier for the borrower’s country of residence.”.
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