Student Loan Scheme - repayment threshold for the 2007-08 tax year
The student loan scheme repayment threshold will increase to $17,784 for the 2007–08 tax year.
The student loan scheme repayment threshold, which sets the income level at which compulsory repayments begin for New Zealand-based borrowers, will increase from its current level of $17,160 to $17,784 for the 2007–08 tax year.
The threshold is reviewed annually in December. It has been inflation-adjusted by the annual movement in the September 2006 CPI and rounded up so that it is divisible into whole dollars on a weekly basis.
Student Loan Scheme (Repayment Threshold) Regulations 2006