From 6 April 2020, Plan 1 and Plan 2 student loan thresholds will rise. Both plans will be calculated at 9%.
Plan 1 will increase to £19,390, and Plan 2 will increase to £26,575.
The threshold for postgraduate loans will remain at £21,000 with loan deductions at 6%.
As with all of our tax tips and web pages this information is necessarily summarised and of a general nature. If you would like detailed specific advice please contact us