Important to know for PAYROLL – SL Repayment threshold increase

The threshold for student loan has increased from the present rate of $19084 to $19136 commencing on 1 April 2017.

Student Loan Scheme (Repayment Threshold) Regulations 2016

Section 3 Annual repayment threshold

The amount of the annual repayment threshold for the tax year commencing on 1 April 2017 and subsequent tax years is $19,136.

Reference: http://legislation.govt.nz/regulation/public/2016/0295/latest/DLM7042103.html?src=qs

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