APPENDICES
APPENDIX 2 – STUDENT LOAN DEDUCTIONS Plan 1 loan repayment
Date COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Annual threshold Weekly threshold Monthly threshold Repayment rate 06/04/2016 £17,495 £336 £1,457 9%* 06/04/2017 £17,775 £341 £1,481 9%* 06/04/2018 £18,330 £352 £1,527 9%* 06/04/2019 £18,935 £365 £1,578 9%* 06/04/2020 £19,390 £372.88 £1,615.83 9%* 06/04/2021 £19,895 £382.59 £1,657.91 9%* *Repayment is rounded down to the lower exact whole pounds. Plan 2 loan repayment Date Annual threshold Weekly threshold Monthly threshold Repayment rate 06/04/2016 £21,000 £403 £1,750 9%*
06/04/2017
£21,000
£403
£1,750
9%*
06/04/2018
£25,000
£480
£2,083
9%*
£25,725 No printing, copying or reproduction permitted. £495 £2,144 £26,575 £511.05 £2,214.58 £27,295 £524.90 £2,274.58 Annual threshold Weekly threshold Monthly threshold £25,000 £480 £2,083
06/04/2019
9%*
06/04/2020
9%*
06/04/2021
9%*
Plan 4 loan repayment
Repayment rate
Date
06/04/2021
9%*
*Repayment is rounded down to the lower exact whole pounds.
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