Student Loan Repayments Thresholds Increasing

Written By Rosanna

The Department for Education (DfE) has confirmed that from 6 April 2019 the thresholds for paying back the student loan will increase for tax year 2019/20 to:

• Plan 1 - £18,935, up from £18,300 for tax year 2018/19; and

• Plan 2 - £25,725, up from £25,000.

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

Rosanna

With 9 years as a Squarespace Circle Member, website designer and content creator, Rosanna shares tips and resources about design, content marketing and running a website design business on her blog. She’s also a Flodesk University Instructor (with 10+ years expertise in email marketing), and runs Cornwall’s most popular travel & lifestyle blog too.

http://www.byrosanna.co.uk
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