Student Loan Plan 1 Threshold 2024/25
Student Loan Plan 1 Threshold 2024/25. From 6 april 2024, the employee earnings threshold for student loan plan 1 will rise from £22,015 per year to. Your repayment totals 9% of your earnings above the threshold on plan 1, 2 or 4, or 6% of you earnings above the threshold if you are on a postgraduate plan.
The department for education has confirmed the student loan thresholds for plan type 1 and 2 to be operated from 6th april 2024. Those on plan 1 will see a little extra in their pockets.