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Overseas thresholds

 

The repayment threshold for the UK for the period April 14 to March 15 is £16,910. So anyone with an annual salary of over £16,910 is required to repay their loan and they pay 9% of their earnings over this threshold.


If you are living overseas we work out your monthly repayment schedule using the same principles as for those who live in the UK. So, you will repay 9% of your earnings over the repayment threshold for the country you are living in.


To take account of differences in living costs, the repayment threshold in a foreign country will not necessarily be the same as in the UK. We will update thresholds each year to take account of price changes.


The repayment thresholds are set at an affordable level which reflects the conditions in the relevant country.


Overseas thresholds are calculated using information from externally published World Bank data. This data provides a measure of the differences in the general price levels of countries and therefore represents the relative cost of living between countries and enables fair thresholds to be set. Where the relevant economic information is not available to set a threshold the lowest threshold is used (£3,385 for the period April 14 to March 15).


For example, if you were living in Poland the repayment threshold is the equivalent of £10,150 so your repayments would be calculated as 9% of anything you earn over the equivalent of £10,150.


The following table shows the repayment thresholds that apply for different countries. It also shows a monthly default repayment amount - this is how much you would be liable to repay each month if you did not inform us of your actual income while overseas.


The applicable currency for each country and the exchange rate that SLC use when calculating an overseas repayment schedule is also listed in the below table.


These exchange rates are the average rates for the previous UK calendar year.


These overseas thresholds also apply to the period April 14 to March 15.


 

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Afghanistan, Islamic State of Afghanis 0.011839 6,770 98.40
Albania Leke (ALL) 0.006049 6,770 98.40
Algeria Algerian Dinar 0.008033 10,150 147.60
American Samoa U.S. Dollar 0.63996 3,385 49.20
Andorra Euro 0.84861 3,385 49.20
Angola, Republic of Kwanza (AON) 0.006757 13,535 196.80
Anguilla East Caribbean Dollar(XCD) 0.236848 3,385 49.20
Antarctica No official currency N/A 3,385 49.20
Antigua and Barbuda East Caribbean Dollar(XCD) 0.236848 10,150 147.60
Argentina Argentine Peso 0.117597 10,150 147.60
Armenia Dram (AMD) 0.001565 6,770 98.40
Aruba Aruban Guilder 0.357254 3,385 49.20
Australia Australian Dollar (AUD) 0.612115 23,675 344.40
Austria Euro 0.84861 16,910 246.00
Azerbaijan Azerbaijanian Manat 0.815985 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Bahamas, The Bahamian Dollar 0.63996 10,150 147.60
Bahrain Bahrain Dinar 1.696333 3,385 49.20
Bangladesh Taka (BDT) 0.008179 6,770 98.40
Barbados Barbados Dollar 0.319747 10,150 147.60
Belarus Belarusian Ruble (BYR) 0.000072 6,770 98.40
Belgium Euro 0.84861 16,910 246.00
Belize Belizean Dollar 0.319214 10,150 147.60
Benin CFA Franc (BCEAO) 0.001294 6,770 98.40
Bermuda Bermudian Dollars 0.63996 3,385 49.20
Bhutan Bhutanese Ngultrum 0.010963 6,770 98.40
Bolivia Boliviano (BOB) 0.092552 6,770 98.40
Bonaire, Saint Eustatius and Saba U.S. Dollar 0.63996 3,385 49.20
Bosnia and Herzegovina Convertible Marka 0.433869 6,770 98.40
Botswana Pula (BWP) 0.076564 6,770 98.40
Bouvet Island Norwegian Krone 0.109106 23,675 344.40
Brazil Brazilian Real 0.297494 16,910 246.00
British Indian Ocean Territory GBP (Although US Dollars more commonly used) = £1 GBP 3,385 49.20
Brunei Brunei Dollar 0.511903 13,535 196.80
Bulgaria Bulgarian Lev 0.433877 6,770 98.40
Burkina Faso CFA Franc (BCEAO) 0.001294 6,770 98.40
Burundi Burundi Franc 0.000409 6,770 98.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Cambodia, Kingdom of Riel (KHR) 0.000159 6,770 98.40
Cameroon CFA Franc (BEAC) 0.001294 6,770 98.40
Canada Canadian Dollar 0.622021 20,290 295.20
Cape Verde Cape Verde Escudo 0.007768 13,535 196.80
Cayman Islands Cayman Islands Dollar 0.779856 3,385 49.20
Central African Republic CFA Franc (BEAC) 0.001294 6,770 98.40
Chad CFA Franc (BEAC) 0.001294 6,770 98.40
Channel Islands GBP = £1 GBP 16,910 246.00
Chile Chilean Peso 0.001297 10,150 147.60
China Yuan Renminbi (CNY) 0.103917 10,150 147.60
Christmas Island Australian Dollar 0.612115 23,675 344.40
Cocos (Keeling) Islands Australian Dollar 0.612115 23,675 344.40
Colombia Colombian Peso 0.000343 13,535 196.80
Comoros Comoran Franc 0.001724 10,150 147.60
Congo (Democratic Republic of) Congolese Franc (CDF) 0.000713 10,150 147.60
Congo (Republic of the Congo) CFA Franc (BEAC) 0.001294 10,150 147.60
Cook Islands New Zealand Dollar 0.524711 3,385 49.20
Costa Rica Costa Rican Colon 0.001279 13,535 196.80
Cote d'Ivoire CFA Franc (BCEAO) 0.001294 10,150 147.60
Croatia Kuna 0.112087 10,150 147.60
Cuba Cuban Peso 0.639481 3,385 49.20
Curacao Antilles Guilder 0.357254 3,385 49.20
Cyprus Euro 0.84861 13,535 196.80
Czech Republic Czech Koruna 0.032778 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Democratic Republic of Korea (North Korea) Won Korea Dem. Rep 0.491953 3,385 49.20
Denmark Danish Krone 0.11379 20,290 295.20
Djibouti Djibouti Franc 0.003658 3,385 49.20
Dominica East Caribbean Dollar (XCD) 0.236848 10,150 147.60
Dominican Republic Dominican Peso (DOP) 0.015388 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Ecuador U.S. Dollar 0.63996 10,150 147.60
Egypt Egyptian Pound 0.093463 6,770 98.40
El Salvador U.S. Dollar 0.63996 10,150 147.60
Equatorial Guinea CFA Franc (BEAC) 0.001294 13,535 196.80
Eritrea Nafka (ERN) 0.045084 13,535 196.80
Estonia Euro 0.84861 10,150 147.60
Ethiopia Ethiopian Birr (ETB) 0.034227 6,770 98.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Faroe Islands Danish Krone 0.11379 3,385 49.20
Falkland Islands Falkland Pound = £1 GBP 3,385 49.20
Fiji Fiji Dollar 0.311509 13,535 196.80
Finland Euro 0.810719 20,290 295.20
France Euro 0.84861 16,910 246.00
French Guiana Euro 0.84861 16,910 246.00
French Polynesia CFP Franc 0.007111 3,385 49.20
French Southern Territories Euro 0.84861 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Gabon CFA Franc (BEAC) 0.001294 10,150 147.60
Gambia, The Dalasi 0.0187 3,385 49.20
Georgia Lari (GEL) 0.029548 10,150 147.60
Germany Euro 0.84861 16,910 246.00
Ghana Ghanaian Cedi (GHS) 0.311705 13,535 196.80
Gibraltar Gibraltar Pound = £1 GBP 3,385 49.20
Greece Euro 0.84861 13,535 196.80
Greenland Danish Krone 0.11379 3,385 49.20
Grenada East Caribbean Dollar (XCD) 0.236848 10,150 147.60
Guadeloupe Euro 0.84861 23,675 344.40
Guam U.S. Dollar 0.63996 3,385 49.20
Guatemala Quetzales (GTQ) 0.081312 10,150 147.60
Guinea Guinean Franc 0.000091 6,770 98.40
Guinea-Bissau CFA Franc (BCEAO) 0.001294 6,770 98.40
Guyana Guyanese Dollar (GYD) 0.003173 16,910 246.00

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Haiti Gourdes (HTG) 0.014966 10,150 147.60
Heard and McDonald Islands Australian Dollar 0.612115 23,675 344.40
Holy See (Vatican City State) Euro 0.84861 3,385 49.20
Honduras Lempira (HNL) 0.031834 10,150 147.60
Hong Kong Hong Kong Dollar 0.082472 10,150 147.60
Hungary Forint (HUF) 0.002862 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Iceland Icelandic Krona 0.005221 16,910 246.00
India Indian Rupee 0.010963 6,770 98.40
Indonesia Indonesian Rupiah 0.000062 10,150 147.60
Iran, Islamic Republic of Iranian Rial 0.000052 3,385 49.20
Iraq Iraq Dinar 0.000551 23,675 344.40
Ireland Euro 0.84861 16,910 246.00
Isle of Man Manx Pound = £1 GBP 16,910 246.00
Israel Israeli Shekel 0.176873 16,910 246.00
Italy Euro 0.84861 16,910 246.00

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Jamaica Jamaican Dollar 0.006445 3,385 49.20
Japan Yen (JPY) 0.006594 20,290 295.20
Jordan Jordanian Dinar 0.903095 13,535 196.80

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Kazakhstan Tenge (KZT) 0.004205 13,535 196.80
Kenya Kenya Schilling 0.007425 10,150 147.60
Kiribati Australian Dollar 0.612115 10,150 147.60
Korea, Rep (South Korea) Won Korea Rep 0.000585 13,535 196.80
Kuwait Kuwaiti Dinar 2.161933 16,910 246.00
Kyrgyz Republic Kyrgyzstan Som 0.017637 6,770 98.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Lao PDR Kip 0.000082 6,770 98.40
Latvia Lat (LVL) 1.208807 10,150 147.60
Lebanon Lebanese Pound 0.000424 10,150 147.60
Lesotho Loti 0.066875 10,150 147.60
Liberia Liberian Dollar (Using US Dollar) 0.63996 10,150 147.60
Libyan Arab Jamahiriya Libyan Dinar 0.507964 3,385 49.20
Liechtenstein Swiss Franc 0.689818 3,385 49.20
Lithuania Litas (LTL) 0.245766 10,150 147.60
Luxembourg Euro 0.84861 20,290 295.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Macau Patacas 0.080044 13,535 196.80
Macedonia, the Former Yugoslav Republic of Macedonian Denar 0.013714 6,770 98.40
Madagascar, Republic of Malagasy Ariary 0.000288 6,770 98.40
Malawi Malawi Kwacha 0.001763 6,770 98.40
Malaysia Ringgit (MYR) 0.203533 10,150 147.60
Maldives Rufiyaa (MVR) 0.041611 13,535 196.80
Mali CFA Franc (BCEAO) 0.001294 10,150 147.60
Malta Euro 0.84861 10,150 147.60
Marshall Islands U.S. Dollar 0.63996 3,385 49.20
Martinique Euro 0.84861 16,910 246.00
Mauritania Ouguiyas 0.002151 6,770 98.40
Mauritius Mauritius Rupee 0.020797 10,150 147.60
Mayotte Euro 0.84861 3,385 49.20
Metropolitan France Euro 0.84861 16,910 246.00
Mexico Mexican Peso 0.050134 10,150 147.60
Micronesia, Fed. Sts. U.S. Dollar 0.63996 13,535 196.80
Moldova, Republic of Moldovan Leu 0.050994 10,150 147.60
Monaco Euro 0.84861 3,385 49.20
Mongolia Tugriks (MNT) 0.000423 10,150 147.60
Montenegro Euro 0.84861 6,770 98.40
Montserrat Euro 0.84861 3,385 49.20
Morocco Moroccan Dirham 0.076035 10,150 147.60
Mozambique Metical (MZN) 0.021303 10,150 147.60
Myanmar Kyats 0.000691 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Namibia Namibian Dollar 0.066616 13,535 196.80
Nauru Australian Dollar 0.612115 3,385 49.20
Nepal Nepalese Rupee 0.006867 6,770 98.40
Netherlands Euro 0.84861 16,910 246.00
New Caledonia CFP Franc 0.007111 3,385 49.20
New Zealand New Zealand Dollar 0.524711 20,290 295.20
Nicaragua Gold Cordoba 0.025917 6,770 98.40
Niger CFA Franc (BCEAO) 0.001294 6,770 98.40
Nigeria Nigerian Naira (NGN) 0.004019 10,150 147.60
Niue New Zealand Dollar 0.524711 3,385 49.20
Norfolk Island Australian Dollar 0.612115 3,385 49.20
Northern Mariana Islands U.S. Dollar 0.63996 3,385 49.20
Norway Norwegian Krone 0.109106 23,675 344.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Oman Rial Omani 1.660964 13,535 196.80

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Pakistan Pakistan Rupee 0.006318 6,770 98.40
Palau U.S. Dollar 0.63996 10,150 147.60
Panama Balboas 0.639481 10,150 147.60
Papua New Guinea Kina (PGK) 0.277662 13,535 196.80
Paraguay Guarani (PYG) 0.000149 10,150 147.60
Peru New Sol (Nuevo Sol) 0.237505 10,150 147.60
Philippines Philippine Peso 0.015098 10,150 147.60
Pitcairn New Zealand Dollar 0.524711 3,385 49.20
Poland Zloty (PLN) 0.202457 10,150 147.60
Portugal Euro 0.810719 13,535 196.80
Principality of Andorra Euro 0.84861 3,385 49.20
Puerto Rico U.S. Dollar 0.63996 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Qatar Qatar Riyal 0.175643 16,910 246.00

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Reunion Euro 0.84861 16,910 246.00
Romania Romanian Leu 0.19212 10,150 147.60
Russian Federation Russian Ruble 0.020498 10,150 147.60
Rwanda Rwanda Franc 0.000987 6,770 98.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Saint-Barthelemy Euro 0.84861 3,385 49.20
Saint Martin (French Part) Euro 0.84861 3,385 49.20
Sint Maarten (Dutch Part) Antillean gulden 0.357254 3,385 49.20
Samoa Tala 0.277175 13,535 196.80
San Marino Euro 0.84861 3,385 49.20
Sao Tome and Principe Dobras 0.000036 13,535 196.80
Saudi Arabia Saudi Riyal 0.170571 13,535 196.80
Senegal CFA Franc (BCEAO) 0.001294 10,150 147.60
Serbia Serbian Dinar 0.007511 6,770 98.40
Seychelles Seychelles Rupee 0.052662 6,770 98.40
Sierra Leone Leone (SLL) 0.000148 6,770 98.40
Singapore Singapore Dollar 0.511945 13,535 196.80
Slovakia Euro (Slovak Koruna used until 1st Jan 2009) 0.84861 10,150 147.60
Slovenia Euro 0.84861 13,535 196.80
Solomon Islands Solomon Islands Dollar 0.089463 10,150 147.60
Somalia Somali Shilling 0.000466 3,385 49.20
South Africa Rand (ZAR) 0.066616 10,150 147.60
South Georgia and the South Sandwich Islands GBP = £1 GBP 3,385 49.20
South Sudan Sudanese Pound 0.140873 3,385 49.20
Spain Euro 0.84861 13,535 196.80
Sri Lanka Sri Lankan Rupee 0.004959 6,770 98.40
St Helena St Helena Pound = £1 GBP 3,385 49.20
St Kitts and Nevis East Caribbean Dollar (XCD) 0.234103 13,535 196.80
St Lucia East Caribbean Dollar (XCD) 0.236848 10,150 147.60
St Pierre and Miquelon Euro 0.810719 3,385 49.20
St Vincent and Grenadines East Caribbean Dollar (XCD) 0.236848 10,150 147.60
Suriname Surinam Dollar 0.193785 16,910 246.00
Svalbard and Jan Mayen Islands Norwegian Krone 0.109106 23,675 344.40
Swaziland Lilangeni (SZL) 0.066872 10,150 147.60
Sweden Swedish Krona 0.098262 20,290 295.20
Switzerland Swiss Franc 0.689818 23,675 344.40
Syrian Arab Republic Syrian Pound 0.006402 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Taiwan Taiwan Dollar 0.021576 10,150 147.60
Tajikistan Somoni (TJS) 0.028297 6,770 98.40
Tanzania, United Republic of Tanzanian Shilling 0.000395 6,770 98.40
Thailand Thai Baht 0.020859 10,150 147.60
Timor-Leste U.S. Dollar 0.63996 10,150 147.60
Togo CFA Franc (BCEAO) 0.001294 10,150 147.60
Tokelau New Zealand Dollar 0.524711 3,385 49.20
Tonga Pa'anga 0.612115 13,535 196.80
Trinidad and Tobago Trinidad & Tobago Dollar 0.99692 10,150 147.60
Tunisia Tunisian Dinar 0.394561 6,770 98.40
Turkey Turkish New Lira 0.337932 6,770 98.40
Turkmenistan Turkmenistan New Manat 0.224714 10,150 147.60
Turks and Caicos Islands U.S. Dollar 0.63996 3,385 49.20
Tuvala Australian Dollar (Also use the Tuvaluan Dollar) 0.612115 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Uganda Ugandan New Shilling 0.000247 6,770 98.40
Ukraine Hryvnia (UAH) 0.078497 10,150 147.60
United Arab Emirates U.A.E. Dirham 0.174118 13,535 196.80
United Kingdom GBP = £1 GBP 16,910 246.00
United States U.S. Dollar 0.63996 16,910 246.00
Uruguay Uruguayan Peso 0.031434 13,535 196.80
Uzbekistan Uzbekistan Sum 0.000307 6,770 98.40

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Vanuatu Vatu (VUV) 0.006656 10,150 147.60
Venezuela Bolivar Fuerte 0.107553 16,910 246.00
Vietnam Dong (VND) 0.00003 6,770 98.40
Virgin Islands (British) U.S. Dollar 0.63996 3,385 49.20
Virgin Islands (US) U.S. Dollar 0.63996 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Wallis and Futuna Islands CFP Franc 0.007111 3,385 49.20
West Bank and Gaza Israeli Shekel & Jordanian Dinar 0.176873 & 0.903095 3,385 49.20
Western Sahara Moroccan Dirham 0.076035 3,385 49.20

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Yemen, Rep. Yemeni Rial 0.002974 10,150 147.60

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Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Zambia Zambian Kwacha 0.118961 13,535 196.80
Zimbabwe Zimbabwean Dollar 0.001691 3,385 49.20

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