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%.