Regulation 13 Amendment of the Education (Student Loans) (Repayment) Regulations 2009

in paragraph (2)(a) after “repayment threshold” insert “or default threshold”;

in paragraph (2)(b) after “repayment threshold” insert “or default threshold”; and

after paragraph (5) insert—

“(6)

The default threshold is applicable until a date specified by HMRC in a notice given under regulation 49(1) to the employer where a borrower has only liability to repay a post-2012 student loan and has—

(a)

failed to declare whether or not liability solely relates to a post-2012 student loan under regulation 43(2); or

(b)

failed to inform their employer whether or not liability solely relates to a post-2012 student loan under regulation 43A.

(7)

The default threshold is the repayment threshold for a student loan which is not a post-2012 student loan as set out in regulation 29(7)(b) or (c) (as the case may be).”