SR 2007/389
Issued
2008

The student loan scheme repayment threshold for the 2008-09 tax year

2008 Order in Council increases the student loan scheme repayment threshold to $18,148 for the 2008-09 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 $17,784 to $18,148 for the 2008-09 tax year.

The threshold is reviewed annually in December. It has been inflation adjusted by the annual movement in the September 2007 CPI and rounded up so that it is divisible into whole dollars on a weekly basis.

Student Loan Scheme (Repayment Threshold) Regulations 2007