Regulation 8B How to calculate repayment threshold variableF1

The repayment threshold variable is, in relation to a repayment threshold year, the sum of—

(a)

one, and

(b)

the percentage increase, expressed as a decimal, in the retail price index between the two Marches immediately before the commencement of the previous repayment threshold year.

Example
2.4% is the percentage increase in the retail price index. 2.4% expressed as a decimal is 0.024. The sum of 1 and 0.024 is 1.024. The repayment threshold variable is 1.024.

Example

2.4% is the percentage increase in the retail price index.

2.4% expressed as a decimal is 0.024.
The sum of 1 and 0.024 is 1.024.

The repayment threshold variable is 1.024.

Annotations

Textual amendments

F1: Regs. 8A-8C inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 11