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This is the original version (as it was originally made).
Insertion of regulation 75A (how to calculate applicable threshold)
This section has no associated Explanatory Memorandum
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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