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  "figure": {
    "id": "employment.student_loan.plan5.threshold",
    "name": "Plan 5 student loan repayment threshold",
    "category": "employment",
    "jurisdiction": "GB",
    "unit": "GBP/year",
    "value_type": "money",
    "currency": "GBP",
    "cadence": "annual",
    "source_type": "si",
    "values": [
      {
        "value": "£25,000.00",
        "value_minor": 2500000,
        "effective_from": "2026-04-06",
        "effective_to": "2027-04-05",
        "announcement_date": null,
        "enacted_date": null,
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            "role": "guidance",
            "citation": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027 (\"Employee earnings threshold for plan 5\")",
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        "from": null,
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        "text": "The annual earnings above which a borrower with a plan 5 loan repays through PAYE deductions (Education (Student Loans) (Repayment) Regulations 2009 Sch 1A para 5, as inserted by SI 2022/1335). Plan 5 loans are those for courses starting on or after 1 August 2023; repayments begin from April 2026.",
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      }
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    "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.",
      "article": "Education (Student Loans) (Repayment) Regulations 2009 Sch 1A para 5(1)(a)"
    },
    "scope_note": "£25,000 is stated ONLY for the repayment threshold year ending 5 April 2027 (para 5(1)(a)). For every later year para 5(1)(b) states a RULE — the previous year's threshold multiplied by the repayment threshold variable (regulation 8B), rounded up to the nearest £5 — not a figure. This record therefore ends on 5 April 2027 by the instrument's own words; what follows is a recomputing derivation under D14, not a second stated amount, and is not yet authored.",
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        "citation": "https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2026-to-2027 (\"Employee earnings threshold for plan 5\")",
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