Student Loans

From April 2016 there will be two methods of paying back student loans.

Plan 1.   The deduction for English, Welsh, Scottish and Northern Ireland students who started their higher education prior to the 2012 academic year.   Repayable at 9% of the employee’s remuneration for Class 1 NI that exceeds a certain amount.

Plan 2.   The deduction for English and Welsh students who started their higher education on or after the 1st September 2012.   Repayable at 9% of the employee’s remuneration for Class 1 NI that exceeds a certain amount.