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Student Loan Threshold Maintained

Contributor:
Fuseworks Media
Fuseworks Media
Peter Dunne
Peter Dunne

Wellington, Dec 16 NZPA - The income threshold at which New Zealand-based borrowers must start paying back their student loans will remain at $19,084 for the 2010-2011 tax year, Revenue Minister Peter Dunne announced today.

He said the impact on borrowers would be minimal, but the effect of maintaining the threshold was expected to lower the costs of the loan scheme to the Crown and was the right decision for the times.

The threshold gets reviewed annually and is generally adjusted according to the September consumer price index.

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