The student loan thresholds to be applied from 6 April 2018 have been confirmed by the Department for Education.
For Income Contingent Student Loans for pre-2012 (Plan 1) loans, the threshold will rise to £18,330. For post-2012 (plan 2) loans the threshold continues to be £21,000.
If an employee is unsure which type of loan they have, they can use the Student Loans Company’s tool to find out.
