Student Loans – 6 April 2019 changes

Changes to Student Loans from 6 April 2019

Increase in Student Loan Plan 1 and Plan 2 thresholds

The Department for Education (DfE) has confirmed that from 6 April 2019 the
thresholds will increase to:

• Plan 1 – £18,935
• Plan 2 – £25,725

Student loan deductions will remain the same at 9% for Plan 1 and Plan 2 loans.

Source: HMRC Employer’s Bulletin 75

Leave a Reply