HMRC has outlined the Student Loan thresholds from 6 April 2019.
The current thresholds for the tax year 2018/19 are:
• Plan 1 – £18,330
• Plan 2 – £25,000.
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 nine per cent for Plan 1 and Plan 2 loans.