Student Loan Thresholds 2019/20

In a really helpful document published on the 11^th of January 2019, HMRC have published a lot of the rates and thresholds that are appropriate for payroll for the tax year 2019/20. 

Some of these the Global Payroll Association have published before but have held back on the thresholds for student loans until they were confirmed.  Now we have the information and we show this in table format below comparing the thresholds for 2019/20 to those that apply in 2018/19.  Note that: 

• UGL = Undergraduate Student Loans (the current plan 1 and 2 loans)
• PGL = Postgraduate Student Loans (new to payroll from 2019/20)

Annual thresholds

The repayment percentage remains at 9% for UGL Plans 1 and 2 and is 6% for PGLs.

Per pay period thresholds

Note

The Global Payroll Association draws your attention to HMRC mentioning that the tax thresholds and bands for Scottish taxpayers have yet to be ratified.  The same applies with the tax rates that will apply for Welsh taxpayers.

Student Loan Thresholds 2019/20

In a really helpful document published on the 11^th of January 2019, HMRC have published a lot of the rates and thresholds that are appropriate for payroll for the tax year 2019/20.

Some of these the Global Payroll Association have published before but have held back on the thresholds for student loans until they were confirmed.  Now we have the information and we show this in table format below comparing the thresholds for 2019/20 to those that apply in 2018/19.  Note that:

• UGL = Undergraduate Student Loans (the current plan 1 and 2 loans)
• PGL = Postgraduate Student Loans (new to payroll from 2019/20)

Annual thresholds

The repayment percentage remains at 9% for UGL Plans 1 and 2 and is 6% for PGLs.

Per pay period thresholds

Note

The Global Payroll Association draws your attention to HMRC mentioning that the tax thresholds and bands for Scottish taxpayers have yet to be ratified.  The same applies with the tax rates that will apply for Welsh taxpayers.

In a really helpful document published on the 11^th of January 2019, HMRC have published a lot of the rates and thresholds that are appropriate for payroll for the tax year 2019/20. 

Some of these the Global Payroll Association have published before but have held back on the thresholds for student loans until they were confirmed.  Now we have the information and we show this in table format below comparing the thresholds for 2019/20 to those that apply in 2018/19.  Note that: 

• UGL = Undergraduate Student Loans (the current plan 1 and 2 loans)
• PGL = Postgraduate Student Loans (new to payroll from 2019/20)

Annual thresholds

The repayment percentage remains at 9% for UGL Plans 1 and 2 and is 6% for PGLs.

Per pay period thresholds

Note

The Global Payroll Association draws your attention to HMRC mentioning that the tax thresholds and bands for Scottish taxpayers have yet to be ratified.  The same applies with the tax rates that will apply for Welsh taxpayers.

Student Loan Thresholds 2019/20

In a really helpful document published on the 11^th of January 2019, HMRC have published a lot of the rates and thresholds that are appropriate for payroll for the tax year 2019/20.

Some of these the Global Payroll Association have published before but have held back on the thresholds for student loans until they were confirmed.  Now we have the information and we show this in table format below comparing the thresholds for 2019/20 to those that apply in 2018/19.  Note that:

• UGL = Undergraduate Student Loans (the current plan 1 and 2 loans)
• PGL = Postgraduate Student Loans (new to payroll from 2019/20)

Annual thresholds

The repayment percentage remains at 9% for UGL Plans 1 and 2 and is 6% for PGLs.

Per pay period thresholds

Note

The Global Payroll Association draws your attention to HMRC mentioning that the tax thresholds and bands for Scottish taxpayers have yet to be ratified.  The same applies with the tax rates that will apply for Welsh taxpayers.