# The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2011, Regulation 5: Amendment of the Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009


In regulation 24 (Time for and amount of repayments)—
(a) in paragraph (3)(a) for “first £15,000” substitute “repayment threshold” and
(b) after paragraph (5) insert—
“(6) The repayment threshold is—
(a) for any repayment threshold year ending on or before 5th April 2012, an amount of £15,000;
(b) for any repayment threshold year ending on or after 6th April 2012 but before or on 5th April 2016, an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—
X is the repayment threshold for the previous repayment threshold year,
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 tax year; and
(c) for any repayment threshold year ending on or after 6th April 2016, the amount of the repayment threshold for the previous repayment threshold year;”

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Source: https://www.legislation.gov.uk/nisr/2011/137/regulation/5 (the official version)
Page: https://openlegislation.uk/education-student-loans-repayment-amendment-regulations-northern-ireland-2011/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.