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The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022

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This is the original version (as it was originally made).

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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