{
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      "© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.",
      "Contains public sector information licensed under the Open Government Licence v3.0."
    ],
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  "figure": {
    "id": "employment.student_loan.plan1.threshold",
    "name": "Plan 1 student loan repayment threshold",
    "category": "employment",
    "jurisdiction": "UK",
    "unit": "GBP/year",
    "value_type": "money",
    "currency": "GBP",
    "cadence": "annual",
    "source_type": "derived",
    "values": [
      {
        "value": "£22,015.00",
        "value_minor": 2201500,
        "effective_from": "2023-04-06",
        "effective_to": "2024-04-05",
        "announcement_date": null,
        "enacted_date": null,
        "instrument_made": true,
        "terminal_kind": "superseded",
        "status": "single_source_A",
        "sources": [
          {
            "role": "legislation",
            "citation": "https://www.legislation.gov.uk/uksi/2022/1335/made (SI 2022/1335 reg 65, inserting Schedule 1A into SI 2009/470 — para 1(1)(a): the repayment threshold for a plan 1 loan is \"£22,015 for the repayment threshold year ending on 5th April 2024\")",
            "uri": "https://www.legislation.gov.uk/uksi/2022/1335/made",
            "retrieved": "2026-09-08T14:15:52Z",
            "content_hash": "sha256:8024e6c34cf2298e77c8b9c1bffa0e2db86a545449d2a786fc241fe46dffbe55",
            "content_hash_of": "https://www.legislation.gov.uk/uksi/2022/1335/made/data.xml"
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        ],
        "derivation": null,
        "verified": {
          "legislation": "2026-09-08T14:15:52Z"
        },
        "last_verified": "2026-09-08T14:15:52Z"
      },
      {
        "value": "£24,990.00",
        "value_minor": 2499000,
        "effective_from": "2024-04-06",
        "effective_to": "2025-04-05",
        "announcement_date": null,
        "enacted_date": null,
        "instrument_made": true,
        "terminal_kind": "superseded",
        "status": "derivation_verified",
        "sources": [
          {
            "role": "legislation",
            "citation": "https://www.legislation.gov.uk/uksi/2022/1335/made (SI 2022/1335 reg 65, inserting Schedule 1A into SI 2009/470 — para 1(1)(b): for each repayment threshold year ending on or after 5th April 2025, the plan 1 threshold is \"the amount rounded up to the nearest £5 (if necessary) being the product of— (i) the amount of the repayment threshold for the previous repayment threshold year, and (ii) the repayment threshold variable\")",
            "uri": "https://www.legislation.gov.uk/uksi/2022/1335/made",
            "retrieved": "2026-09-08T14:15:52Z",
            "content_hash": "sha256:8024e6c34cf2298e77c8b9c1bffa0e2db86a545449d2a786fc241fe46dffbe55",
            "content_hash_of": "https://www.legislation.gov.uk/uksi/2022/1335/made/data.xml"
          }
        ],
        "derivation": "roundup(this@prior * employment.student_loan.repayment_threshold_variable@numeric, 5)",
        "verified": {
          "legislation": "2026-09-08T14:15:52Z"
        },
        "last_verified": "2026-09-08T14:15:52Z"
      },
      {
        "value": "£26,065.00",
        "value_minor": 2606500,
        "effective_from": "2025-04-06",
        "effective_to": "2026-04-05",
        "announcement_date": null,
        "enacted_date": null,
        "instrument_made": true,
        "terminal_kind": "superseded",
        "status": "derivation_verified",
        "sources": [
          {
            "role": "legislation",
            "citation": "https://www.legislation.gov.uk/uksi/2022/1335/made (SI 2022/1335 reg 65, inserting Schedule 1A into SI 2009/470 — para 1(1)(b): for each repayment threshold year ending on or after 5th April 2025, the plan 1 threshold is \"the amount rounded up to the nearest £5 (if necessary) being the product of— (i) the amount of the repayment threshold for the previous repayment threshold year, and (ii) the repayment threshold variable\")",
            "uri": "https://www.legislation.gov.uk/uksi/2022/1335/made",
            "retrieved": "2026-09-08T14:15:52Z",
            "content_hash": "sha256:8024e6c34cf2298e77c8b9c1bffa0e2db86a545449d2a786fc241fe46dffbe55",
            "content_hash_of": "https://www.legislation.gov.uk/uksi/2022/1335/made/data.xml"
          }
        ],
        "derivation": "roundup(this@prior * employment.student_loan.repayment_threshold_variable@numeric, 5)",
        "verified": {
          "legislation": "2026-09-08T14:15:52Z"
        },
        "last_verified": "2026-09-08T14:15:52Z"
      },
      {
        "value": "£26,900.00",
        "value_minor": 2690000,
        "effective_from": "2026-04-06",
        "effective_to": null,
        "announcement_date": null,
        "enacted_date": null,
        "instrument_made": true,
        "terminal_kind": null,
        "status": "derivation_verified",
        "sources": [
          {
            "role": "legislation",
            "citation": "https://www.legislation.gov.uk/uksi/2022/1335/made (SI 2022/1335 reg 65, inserting Schedule 1A into SI 2009/470 — para 1(1)(b): for each repayment threshold year ending on or after 5th April 2025, the plan 1 threshold is \"the amount rounded up to the nearest £5 (if necessary) being the product of— (i) the amount of the repayment threshold for the previous repayment threshold year, and (ii) the repayment threshold variable\")",
            "uri": "https://www.legislation.gov.uk/uksi/2022/1335/made",
            "retrieved": "2026-09-08T14:15:52Z",
            "content_hash": "sha256:8024e6c34cf2298e77c8b9c1bffa0e2db86a545449d2a786fc241fe46dffbe55",
            "content_hash_of": "https://www.legislation.gov.uk/uksi/2022/1335/made/data.xml"
          },
          {
            "role": "guidance",
            "citation": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027 (\"Employee earnings threshold for student loan plan 1\": \"£26,900 per year\")",
            "uri": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027",
            "retrieved": "2026-07-29T08:16:12Z",
            "content_hash": "sha256:2b130359261b54fc8f27f3e53cade20f559a6035397c2e3845de72e21ea4eede"
          }
        ],
        "derivation": "roundup(this@prior * employment.student_loan.repayment_threshold_variable@numeric, 5)",
        "verified": {
          "guidance": "2026-09-21T10:07:35Z",
          "legislation": "2026-09-08T14:15:52Z"
        },
        "last_verified": "2026-09-08T14:15:52Z"
      }
    ],
    "derivation": "roundup(this@prior * employment.student_loan.repayment_threshold_variable@numeric, 5)",
    "invariants": [],
    "lineage": [],
    "definitions": [
      {
        "from": null,
        "to": null,
        "text": "The annual earnings above which a borrower with a plan 1 loan repays through PAYE deductions (Education (Student Loans) (Repayment) Regulations 2009 Sch 1A para 1, as inserted by SI 2022/1335): £22,015 for the repayment threshold year ending 5 April 2024, and for each later year the previous year's threshold multiplied by the repayment threshold variable, rounded up to the nearest £5. Plan 1 loans are pre-2012 English and Welsh loans and Northern Irish loans.",
        "instrument": "Education (Student Loans) (Repayment) Regulations 2009 Sch 1A para 1"
      }
    ],
    "applicability": {
      "basis": "pay_period_start",
      "note": "An annual threshold applied per pay period at its weekly or monthly equivalent; deductions are on earnings above it in the period. Each year's amount takes effect on 6 April of the repayment threshold year it is calculated for.",
      "article": "Education (Student Loans) (Repayment) Regulations 2009 Sch 1A para 1"
    },
    "scope_note": "A chain (D24). The first value is STATED by paragraph 1(1)(a) and is single-source: it is read from the inserting instrument's own text, and the GOV.UK page archived here is the 2026-27 one, which prints only the current figure. Every later value is our computation of paragraph 1(1)(b) from the previous value and `employment.student_loan.repayment_threshold_variable`, each carrying the formula that made it, recomputed by the build and refused where it disagrees. Paragraph 1(2) makes the threshold subject to regulation 44(6)'s default threshold, which is applicability and not a value.",
    "notes": "Schedule 1A was inserted by SI 2022/1335 reg 65 with effect from 6 April 2023 (F-note on the archived current view of SI 2009/470, 2026-09-08: regs. 2(2), 65) and paragraph 1 has not been amended since. The chain, from the archived Marches: £22,015 × 1.135 = £24,987.03 → £24,990 (2024-25); £24,990 × 1.043 = £26,064.57 → £26,065 (2025-26); £26,065 × 1.032 = £26,899.08 → £26,900 (2026-27), which is the figure HMRC's 2026-27 rates page prints. The receipt is the inserting instrument as made; the 2009 Regulations' own as-made text predates Schedule 1A.",
    "record_version": 3
  },
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    "manifest": "https://statbook.co.uk/v1/releases/3.0.0/manifest.json",
    "record_url": "https://statbook.co.uk/v1/figures/employment.student_loan.plan1.threshold.json",
    "sources": [
      {
        "role": "legislation",
        "citation": "https://www.legislation.gov.uk/uksi/2022/1335/made (SI 2022/1335 reg 65, inserting Schedule 1A into SI 2009/470 — para 1(1)(b): for each repayment threshold year ending on or after 5th April 2025, the plan 1 threshold is \"the amount rounded up to the nearest £5 (if necessary) being the product of— (i) the amount of the repayment threshold for the previous repayment threshold year, and (ii) the repayment threshold variable\")",
        "uri": "https://www.legislation.gov.uk/uksi/2022/1335/made",
        "retrieved": "2026-09-08T14:15:52Z",
        "content_hash": "sha256:8024e6c34cf2298e77c8b9c1bffa0e2db86a545449d2a786fc241fe46dffbe55",
        "content_hash_of": "https://www.legislation.gov.uk/uksi/2022/1335/made/data.xml"
      },
      {
        "role": "guidance",
        "citation": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027 (\"Employee earnings threshold for student loan plan 1\": \"£26,900 per year\")",
        "uri": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027",
        "retrieved": "2026-07-29T08:16:12Z",
        "content_hash": "sha256:2b130359261b54fc8f27f3e53cade20f559a6035397c2e3845de72e21ea4eede"
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}