HMRC has released the student and postgraduate loan thresholds and rates for the 2023/24 tax year which will be here before we know it!
The Plan 1 and Plan 4 thresholds have increased, while the Plan 2 and postgraduate thresholds remain the same as 2022/23. The rates of repayment remain the same for all plan types.
| Plan | Threshold (annual) | Repayment rate |
| Plan 1 | £22,015 | 9% |
| Plan 2 | £27,295 | 9% |
| Plan 4 | £27,660 | 9% |
| Postgraduate | £21,000 | 6% |