Bookkeeping Bites – 2022 Student Loan Repayment Threshold Rates

The student loan thresholds are a-moving, and ⬆️  🎈 UP THEY GO 🎈 ⬆️

From April 2022, the level at which you start to repay 9% of your earnings to HMRC through your payroll, is going up…..
 
🤓 Plan 1 — Start repaying at £20,195
 
🤓 Plan 4 — Start repaying at £25,375
 
💥 Plan 2 yet to be announced! 💥