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Student tax

23rd March 2017

Here are the new thresholds for Plan 1 for 2017. Despite pressure from many quarters the government is continuing to freeze the threshold for Plan 2 until at least 2021. This is a back-track from when it was introduced. It was supposed to move with inflation each year. I could make a sarcastic comment, but I will resist.

9% will be collected on all earnings over the above thresholds.

Filed Under: Spring 2017

Next post: New rates and thresholds for tax year 2017-18
Previous Post: Welcome to Spring 2017

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