Regulation 70A How to calculate applicable thresholdF1
The applicable threshold is, in relation to a borrower’s loan, the amount—
(a)
rounded up to the nearest £5 (if necessary), and
(b)
being the product of—
(i)
the repayment threshold for the loan, and
(ii)
the country-specific multiplier for the borrower’s country of residence.
Annotations
Textual amendments
- F1
Reg. 70A inserted (6.4.2024) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024 (S.R. 2024/55), regs. 1(2), 25