Regulation 44 Amount of repaymentsI1

in relation to a F2plan 1, 2, 4, or 5 loan, 9%, and

in relation to a F3plan 3 loan, 6%,

F4the repayment threshold F5or default threshold, where the earnings period specified in respect of those earnings is a tax year; or

in any other case, the amount which bears the same relation to F6the repayment threshold F7or default threshold as the number of days, weeks or months of the earnings period specified in respect of those earnings bears to the number of days, weeks or months in the tax year respectively.

dividing the actual earnings by such figure (X) as will give the earnings earned for the period shown in the table;

taking the appropriate repayment specified in the table; and

multiplying the table repayment sum by figure X,

if, in relation to a plan 1, 2, 4 or 5 loan, the borrower fails to comply with regulation 43 (which relates to repayments liability), and

until the date specified by HMRC in a notice given to the borrower’s employer under regulation 49(1).