Regulation 11 Amendment of the Education (Student Loans) (Repayment) Regulations 2009

After regulation 76(1) insert—

“(1A)

On 6 April 2012, and on 6 April of each subsequent year until and including 6 April 2015 each amount in the column entitled “Applicable Threshold” in the table in paragraph (1), shall increase to an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—

X is the amount in the amount in the column entitled “Applicable Threshold” immediately before 6 April,

Y is the percentage increase between the retail prices all items index published by the Office for National Statistics for the two Marches immediately before the commencement of the previous repayment threshold year.”.