Regulation 33 Amendments to regulation 29 (time for and amount of repayments)I1

England and Wales

(1)

In regulation 29(1), omit “or a postgraduate degree loan”.

(2)

In regulation 29(3)—

(a)

in sub-paragraph (a), for “student loan” substitute “plan 1, 2, 4 or 5 loan”;

(b)

in sub-paragraph (b), for postgraduate degree loan” substitute “plan 3 loan”.

(3)

In regulation 29(3A)—

(a)

for “(3)” substitute “(3)(b)”;

(b)

for “due by—” to the end substitute “under paragraph (3)(a)”.

(4)

Omit regulation 29(4)(b) and (f).

(5)

In regulation 29(5), for “the 2005 Act” substitute “the Income Tax (Trading and Other Income) Act 2005^f1”.

(6)

After regulation 29(5) insert—

“(5A)
If a borrower is required to repay a combination of plan 1, 2, 4 or 5 loans, the repayment threshold for the loan with the lowest repayment threshold applies.
(5B)
In this regulation—
“the 2007 Act” means the Income Tax Act 2007^f2;
“jobseeker’s allowance” has the meaning given in section 1(1) of the Jobseekers Act 1995^f3.”.

(7)

Omit regulation 29(6) to (10).

Annotations

Commencement

I1: Reg. 33 in force at 6.4.2023, see reg. 2(2)

Footnotes

f1: 2005 c. 5.
f2: 2007 c. 3.
f3: 1995 c. 18.