Student loan repayment threshold for tax year 2014/15
22 January 2014
HMRC has confirmed to the CIPP that from 6 April 2014 the student loan threshold will rise from £16,365 to £16,910.
2014/15 thresholds for student loan borrowers in the current Income Contingent Repayment (ICR) scheme:
- Annual - £16,910
- Monthly - £1,409
- Weekly - £325
The rate of deduction remains the same at 9%.