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SR 2008/450

Student loan scheme repayment threshold for the 2009-10 tax tear

2008 Order in Council increases the student loan scheme repayment threshold to $19,084 for the 2009-10 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 $18,148 to $19,084 for the 2009-10 tax year.

The threshold is reviewed annually in December. It has been inflation-adjusted by the annual movement in the September 2008 CPI and rounded up so that it is divisible into whole dollars on a weekly basis.

Student Loan Scheme (Repayment Threshold) Regulations 2008 (SR 2008/450)