Student Loan & Postgraduate Loan Rates and Thresholds 2024-25 | Moorepay

Payroll & HR Rates

Student Loan & Postgraduate Loan Rates and Thresholds 2024-25

Legislation

Student Loan & Postgraduate Loan Rates and Thresholds 2024-25

Date

Effective 6 April 2024

Summary

Deduction rate %Plan type threshold for 2023 to 2024Pay frequency equivalent
Plan Type 19%£24,990.00Weekly
2 weekly
4 weekly
Monthy
£24,990 / 52x1 = £480.57
£24,990 / 52x2 =£961.15
£24,990 / 52x4 = £1,922.30
£24,990 / 12x1 = £2,082.50
Plan Type 29%£27,295.00Weekly
2 weekly
4 weekly
Monthy
£27,295 / 52x1 = £524.90
£27,295 / 52x2 = £1049.80
£27295 / 52x4 = £2,099.61
£27,295 / 12x1 = £2,274.58
Plan Type 49%£31,395.00Weekly
2 weekly
4 weekly
Monthy
£31,395/ 52x1 = £603.75
£31,395/ 52x2 = £1,207.50
£31,395/ 52x4 = £2,415.00
£31,395/ 12x1 = £2,616.25
Postgraduate loans (PGL)6%£21,000.00Weekly
2 weekly
4 weekly
Monthy
£21000 / 52x1 = £403.84
£21000 / 52x2 = £807.69
£21000 / 52x4 = £1,615.38
£21000 / 12x1 = £1,750.00
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Tax fact card 2024 – 2025

Download your FREE tax fact card to find out the latest changes to payroll tax & legislation from April 2024. This PDF card includes all the key payroll rates and dates that…