• Student loan Package Sorts of 01 : Pertains to every children you to lived-in Scotland otherwise North Ireland once they come its course, and individuals who stayed in England otherwise Wales and you may become its movement prior to . Deductions are calculated within nine% regarding earnings over the endurance. The fresh annual threshold to have Bundle 1 funds for 2022-23 try ?20,195 .
• Education loan Bundle Kind of 02: Pertains to youngsters you to definitely lived-in England or Wales and you will which already been the movement immediately after . Write-offs try calculated during the 9% out-of money above the threshold. The fresh yearly endurance having Bundle dos financing having 2022-23 try ?twenty-seven,295 .
• Education loan Bundle Kind of 04 : Pertains to Scottish individuals only which is productive away from . Write-offs is calculated during the 9% off earnings above the endurance. The newest yearly endurance to own Plan cuatro fund to have 2022-23 was ?twenty five,375 . Additional information about this the new Scottish plan particular is present by the end on the publication.
• Postgraduate Financing (PGL): Talking about a somewhat the fresh form of mortgage and you will were launched in the . Deductions is calculated at the six% out-of earnings over the endurance. Brand new yearly threshold to possess Postgraduate money to have 2021-twenty two as well as for 2022-23 is ?21,100000 .

Analogy computation.

To own income tax seasons 2021-22: A monthly paid back staff member making ? month which have a plan 2 student loan in business regarding ahead:

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