{
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    "schema": "statbook-api/1",
    "release_version": "3.0.0",
    "compiled_at": "2026-09-21T00:00:00Z",
    "generated_at": "2026-09-28T09:07:46Z",
    "attribution": [
      "© 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."
    ],
    "docs": "https://statbook.co.uk/docs/",
    "signing": {
      "scheme": "minisign",
      "public_key": "RWSPzbJEmAXVEvTqYZ8O9iHuOcOUii5lCNZM5t9bdoQh4ZnwKsxk/+bd",
      "key_id": "12D5059844B2CD8F",
      "verify": "https://statbook.co.uk/assurance/#verify"
    }
  },
  "figure_id": "employment.student_loan.plan2.threshold",
  "name": "Plan 2 student loan repayment threshold",
  "unit": "GBP/year",
  "value_type": "money",
  "source_type": "derived",
  "jurisdiction": "UK",
  "scope_note": "A chain (D24). The first value is STATED by paragraph 2(1)(a) for TWO named years — one value, 6 April 2023 to 5 April 2025 — 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 2(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 2(2) makes the threshold subject to regulation 44(6)'s default threshold, which is applicability and not a value.",
  "current": {
    "value": "£29,385.00",
    "value_minor": 2938500,
    "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 2(1)(b): for each repayment threshold year ending on or after 5th April 2026, the plan 2 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 2\": \"£29,385 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"
  },
  "value_numeric": 29385.0,
  "upcoming": null,
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    "release_version": "3.0.0",
    "manifest": "https://statbook.co.uk/v1/releases/3.0.0/manifest.json",
    "record_url": "https://statbook.co.uk/v1/figures/employment.student_loan.plan2.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 2(1)(b): for each repayment threshold year ending on or after 5th April 2026, the plan 2 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 2\": \"£29,385 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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    ],
    "verified": {
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      "legislation": "2026-09-08T14:15:52Z"
    },
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  }
}