{
  "url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022/regulation-11",
  "json_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022/regulation-11.json",
  "legislation": "uksi/2022/1335",
  "legislation_title": "The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Insertion of regulations 8A to 8C (preliminary provisions)",
  "text": "After regulation 8 (service by post or electronic communication) insert—\n“How to calculate country-specific multiplier\n8A. (1) The country-specific multiplier for a country is the multiplier specified in the table in relation to its band.\n(2) The band for a country is the band specified in the table in relation to its price level index value.\nPrice level index value (x)\nBand\nMultiplier\nx<0.3\nA\n0.2\n0.3≤ x<0.5\nB\n0.4\n0.5≤ x<0.7\nC\n0.6\n0.7≤ x<0.9\nD\n0.8\n0.9≤ x<1.1\nE\n1.0\n1.1≤ x<1.3\nF\n1.2\nx≥1.3\nG\n1.4\n(3) The price level index value for a country is the quotient of—\n(a) the price level value for the country in the most recent year available, and\n(b) the price level value for the United Kingdom in the same year.\nExample\n0.736687 is the country’s price level value and 1.058064 is the United Kingdom’s price level value.\n0.736687 divided by 1.058064 is 0.696259…‬ (unrounded).\nThe price level index value for the country is 0.696259…, which is Band C.\nThe country-specific multiplier for a country in Band C is 0.6.\n(4) If the price level value for a country is not published, the Authority may determine the price level value for that country by reference to a comparable country.\n(5) In this regulation, “price level value” means the value published by the World Bank in its “Price level ratio of PPP conversion factor (GDP) to market exchange rate” world development indicator.\nHow to calculate repayment threshold variable\n8B. The repayment threshold variable is, in relation to a repayment threshold year, the sum of—\n(a) one, and\n(b) the percentage increase, expressed as a decimal, in the retail price index between the two Marches immediately before the commencement of the previous repayment threshold year.\nExample\n2.4% is the percentage increase in the retail price index.\n2.4% expressed as a decimal is 0.024.\nThe sum of 1 and 0.024 is 1.024.\nThe repayment threshold variable is 1.024.\nStatus of examples\n8C. (1) An example used in these Regulations—\n(a) is only illustrative of the provision to which it relates, and\n(b) does not limit the provision.\n(2) If an example and the provision to which it relates are inconsistent, the provision prevails.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 11 in force at 6.4.2023, see reg. 2(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "The world development indicator is published at https://data.worldbank.org/indicator/PA.NUS.PPPC.RF."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The percentage increase is published at https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbh/."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1335/regulation/11",
    "retrieved_at": "2026-10-28T21:52:02.447712+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}