Regulation 9 Amendment of the Education (Student Loans) (Repayment) Regulations 2009

After regulation 76(1A) insert—

“(1AA)

On 6 April 2019, and on 6 April of each subsequent year, each amount in the column entitled “Applicable threshold for post-2012 student loans” in the table in paragraph (1), shall vary to an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—

X is the amount in the column entitled “Applicable threshold for post-2012 student loans” immediately before 6 April, and

Y is the relevant percentage difference in average earnings.”