Skip navigation
 

Overseas thresholds

 

The repayment threshold for the UK for the period April 15 to March 16 is £17,335. So anyone with an annual salary of over £17,335 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 (£3,470 for the period April 15 to March 16).


For example, if you were living in Poland the repayment threshold is the equivalent of £10,405 so your repayments would be calculated as 9% of anything you earn over the equivalent of £10,405.


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 15 to March 16.


 

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Afghanistan, Islamic State of Afghanis 0.010752 6,940 98.40
Albania Leke (ALL) 0.005766 6,940 98.40
Algeria Algerian Dinar 0.007549 6,940 98.40
American Samoa U.S. Dollar 0.605793 3,470 49.20
Andorra, Principality of Euro 0.806776 3,470 49.20
Angola, Republic of Kwanza (AON) 0.006175 10,405 147.60
Anguilla East Caribbean Dollar(XCD) 0.224621 3,470 49.20
Antarctica No official currency N/A 3,470 49.20
Antigua and Barbuda East Caribbean Dollar(XCD) 0.224621 10,405 147.60
Argentina Argentine Peso 0.074955 10,405 147.60
Armenia Dram (AMD) 0.001469 6,940 98.40
Aruba Aruben Guilder 0.33881 3,470 49.20
Australia Australian Dollar (AUD) 0.547883 24,270 344.40
Austria Euro 0.806776 17,335 246.00
Azerbaijan Azerbaijanian Manat 0.774223 6,940 98.40

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Bahamas, The Bahamian Dollar 0.605793 13,875 196.80
Bahrain Bahrain Dinar 1.60864 10,405 147.60
Bangladesh Taka (BDT) 0.007821 3,470 49.20
Barbados Barbados Dollar 0.302928 10,405 147.60
Belarus Belarusian Ruble (BYR) 0.000059 6,940 98.40
Belgium Euro 0.806776 17,335 246.00
Belize Belizean Dollar 0.303689 10,405 147.60
Benin CFA Franc (BCEAO) 0.001231 6,940 98.40
Bermuda Bermudian Dollars 0.605793 3,470 49.20
Bhutan Bhutanese Ngultrum 0.009936 3,470 49.20
Bolivia Boliviano (BOB) 0.087768 6,940 98.40
Bonaire, Saint Eustatius and Saba U.S. Dollar 0.605793 3,470 49.20
Bosnia and Herzegovina Convertible Marka 0.412751 6,940 98.40
Botswana Pula (BWP) 0.067741 6,940 98.40
Bouvet Island Norwegian Krone 0.096739 24,270 344.40
Brazil Brazilian Real 0.258734 10,405 147.60
British Indian Ocean Territory GBP (Although US Dollars more commonly used) = £1 GBP 3,470 49.20
Brunei Brunei Dollar 0.479169 6,940 98.40
Bulgaria Bulgarian Lev 0.412764 6,940 98.40
Burkina Faso CFA Franc (BCEAO) 0.001231 6,940 98.40
Burundi Burundi Franc 0.000391 6,940 98.40

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Cambodia, Kingdom of Riel (KHR) 0.000151 6,940 98.40
Cameroon CFA Franc (BEAC) 0.001231 6,940 98.40
Canada Canadian Dollar 0.549467 20,800 295.20
Cape Verde Cape Verde Escudo 0.007431 10,405 147.60
Cayman Islands Cayman Islands Dollar 0.739595 3,470 49.20
Central African Republic CFA Franc (BEAC) 0.001231 10,405 147.60
Chad CFA Franc (BEAC) 0.001231 6,940 98.40
Channel Islands GBP = £1 GBP 17,335 246.00
Chile Chilean Peso 0.001069 10,405 147.60
China Yuan Renminbi (CNY) 0.098489 10,405 147.60
Christmas Island Australian Dollar 0.547883 24,270 344.40
Cocos (Keeling) Islands Australian Dollar 0.547883 24,270 344.40
Colombia Colombian Peso 0.000305 10,405 147.60
Comoros Comoran Franc 0.001673 10,405 147.60
Congo (Democratic Republic of) Congolese Franc (CDF) 0.000657 10,405 147.60
Congo (Republic of the Congo) CFA Franc (BEAC) 0.001231 6,940 98.40
Cook Islands New Zealand Dollar 0.503686 3,470 49.20
Costa Rica Costa Rican Colon 0.001129 10,405 147.60
Cote d'Ivoire CFA Franc (BCEAO) 0.001231 6,940 98.40
Croatia Kuna 0.105759 10,405 147.60
Cuba Cuban Peso 0.606469 3,470 49.20
Curacao Antilles Guilder 0.338432 3,470 49.20
Cyprus Euro 0.806776 13,875 196.80
Czech Republic Czech Koruna 0.029318 10,405 147.60

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Denmark Danish Krone 0.108218 20,800 295.20
Djibouti Djibouti Franc 0.003439 10,405 147.60
Dominica East Caribbean Dollar (XCD) 0.224621 10,405 147.60
Dominican Republic Dominican Peso (DOP) 0.013984 6,940 98.40

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Ecuador U.S. Dollar 0.605793 10,405 147.60
Egypt Egyptian Pound 0.085704 3,470 49.20
El Salvador U.S. Dollar 0.605793 6,940 98.40
Equatorial Guinea CFA Franc (BEAC) 0.001231 10,405 147.60
Eritrea Nafka (ERN) 0.040683 6,940 98.40
Estonia Euro 0.806776 10,405 147.60
Ethiopia Ethiopian Birr (ETB) 0.03088 6,940 98.40

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Faroe Islands Danish Krone 0.108218 3,470 49.20
Falkland Islands Falkland Pound = £1 GBP 3,470 49.20
Fiji Fiji Dollar 0.32182 10,405 147.60
Finland Euro 0.806776 20,800 295.20
France Euro 0.806776 17,335 246.00
French Guiana Euro 0.806776 17,335 246.00
French Polynesia CFP Franc 0.006765 3,470 49.20
French Southern Territories Euro 0.806776 3,470 49.20

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Gabon CFA Franc (BEAC) 0.001231 10,405 147.60
Gambia, The Dalasi 0.015278 3,470 49.20
Georgia Lari (GEL) 0.344614 6,940 98.40
Germany Euro 0.806776 17,335 246.00
Ghana Ghanaian Cedi (GHS) 0.20116 6,940 98.40
Gibraltar Gibraltar Pound = £1 GBP 3,470 49.20
Greece Euro 0.806776 13,875 196.80
Greenland Danish Krone 0.108218 3,470 49.20
Grenada East Caribbean Dollar (XCD) 0.224621 10,405 147.60
Guadeloupe Euro 0.806776 17,335 246.00
Guam U.S. Dollar 0.605793 3,470 49.20
Guatemala Quetzales (GTQ) 0.078295 6,940 98.40
Guinea Guinean Franc 0.000088 6,940 98.40
Guinea-Bissau CFA Franc (BCEAO) 0.001231 6,940 98.40
Guyana Guyanese Dollar (GYD) 0.002962 10,405 147.60

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Haiti Gourdes (HTG) 0.013453 6,940 98.40
Heard and McDonald Islands Australian Dollar 0.547883 24,270 344.40
Holy See (Vatican City State) Euro 0.806776 3,470 49.20
Honduras Lempira (HNL) 0.029629 6,940 98.40
Hong Kong Hong Kong Dollar 0.0781152 10,405 147.60
Hungary Forint (HUF) 0.00262 10,405 147.60

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Iceland Icelandic Krona 0.005211 17,335 246.00
India Indian Rupee 0.009936 3,470 49.20
Indonesia Indonesian Rupiah 0.000051 6,940 98.40
Iran, Islamic Republic of Iranian Rial 0.000025 3,470 49.20
Iraq Iraq Dinar 0.000522 6,940 98.40
Ireland Euro 0.806776 17,335 246.00
Isle of Man Manx Pound = £1 GBP 17,335 246.00
Israel Israeli Shekel 0.170037 17,335 246.00
Italy Euro 0.806776 17,335 246.00

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Jamaica Jamaican Dollar 0.005481 10,405 147.60
Japan Yen (JPY) 0.005754 17,335 246.00
Jordan Jordanian Dinar 0.85675 6,940 98.40

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Kazakhstan Tenge (KZT) 0.003402 10,405 147.60
Kenya Kenya Schilling 0.006909 6,940 98.40
Kiribati Australian Dollar 0.547883 13,875 196.8
Korea, Dem. Rep (North Korea) Won Korea Dem. Rep 0.466523 3,470 49.20
Korea, Rep (South Korea) Won Korea Rep 0.000577 13,875 196.80
Kuwait Kuwaiti Dinar 2.132242 17,335 246.00
Kyrgyz Republic Kyrgyzstan Som 0.011377 6,940 98.40

Back to top

 
Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Laos PDR Kip 0.000076 6,940 98.40
Latvia Lat (LVL) 1.208807 10,405 147.60
Lebanon Lebanese Pound 0.000402 10,405 147.60
Lesotho Loti 0.056112 6,940 98.40
Liberia Liberian Dollar (Using US Dollar) 0.605793 6,940 98.40
Libyan Arab Jamahiriya Libyan Dinar 0.497162 10,405 147.60
Liechtenstein Swiss Franc 0.663917 3,470 49.20
Lithuania Litas (LTL) 0.233803 10,405 147.60
Luxembourg Euro 0.806776 20,800 295.20

Back to top

Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Macau Patacas 0.075931 10,405 147.60
Macedonia, the Former Yugoslav Republic of Macedonian Denar 0.013117 6,940 98.40
Madagascar, Republic of Malagasy Ariary 0.000246 6,940 98.40
Malawi Malawi Kwacha 0.001442 3,470 49.20
Malaysia Ringgit (MYR) 0.185537 6,940 98.40
Maldives Rufiyaa (MVR) 0.039448 10,405 147.60
Mali CFA Franc (BCEAO) 0.001231 6,940 98.40
Malta Euro 0.806776 13,875 196.80
Marshall Islands U.S. Dollar 0.605793 13,875 196.80
Martinique Euro 0.806776 17,335 246.00
Mauritania Ouguiyas 0.002069 6,940 98.40
Mauritius Mauritius Rupee 0.019822 6,940 98.40
Mayotte Euro 0.806776 3,470 49.20
Mexico Mexican Peso 0.045687 10,405 147.60
Micronesia, Fed. Sts. U.S. Dollar 0.605793 13,875 196.8
Moldova, Republic of Moldovan Leu 0.043443 6,940 98.40
Monaco Euro 0.806776 3,470 49.20
Mongolia Tugriks (MNT) 0.000336 6,940 98.40
Montenegro Euro 0.806776 6,940 98.40
Montserrat Euro 0.806776 3,470 49.20
Morocco Moroccan Dirham 0.072311 6,940 98.40
Mozambique Metical (MZN) 0.019409 10,405 147.60
Myanmar Kyats 0.000619 3,470 49.20

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Namibia Namibian Dollar 0.055988 10,405 147.60
Nauru Australian Dollar 0.547883 3,470 49.20
Nepal Nepalese Rupee 0.006215 3,470 49.20
Netherlands Euro 0.806776 17,335 246.00
New Caledonia CFP Franc 0.006765 3,470 49.20
New Zealand New Zealand Dollar 0.503686 17,335 246.00
Nicaragua Gold Cordoba 0.023403 6,940 98.40
Niger CFA Franc (BCEAO) 0.001231 6,940 98.40
Nigeria Nigerian Naira (NGN) 0.003689 6,940 98.40
Niue New Zealand Dollar 0.503686 3,470 49.20
Norfolk Island Australian Dollar 0.547883 3,470 49.20
Northern Mariana Islands U.S. Dollar 0.605793 3,470 49.20
Norway Norwegian Krone 0.096739 24,270 344.40

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Oman Rial Omani 1.575255 13,875 196.80

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Pakistan Pakistan Rupee 0.005995 3,470 49.20
Palau U.S. Dollar 0.605793 13,875 196.80
Palestine New Israeli Shekel 0.170037 10,405 147.60
Panama Balboas 0.606469 10,405 147.60
Papua New Guinea Kina (PGK) 0.236142 13,875 196.80
Paraguay Guarani (PYG) 0.000136 6,940 98.40
Peru New Sol (Nuevo Sol) 0.214166 10,405 147.60
Philippines Philippine Peso 0.013647 6,940 98.40
Pitcairn New Zealand Dollar 0.503686 3,470 49.20
Poland Zloty (PLN) 0.19306 10,405 147.60
Portugal Euro 0.806776 13,875 196.80
Puerto Rico U.S. Dollar 0.605793 13,875 196.80

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Qatar Qatar Riyal 0.16656 10,405 147.60

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Reunion Euro 0.806776 17,335 246.00
Romania Romanian Leu 0.181625 6,940 98.40
Russian Federation Russian Ruble 0.016016 10,405 147.60
Rwanda Rwanda Franc 0.000887 6,940 98.40

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Saint Helena St Helena Pound = £1 GBP 3,470 49.20
Saint Kitts and Nevis East Caribbean Dollar (XCD) 0.224621 10,405 147.60
Saint Lucia East Caribbean Dollar (XCD) 0.224621 10,405 147.60
Saint Martin (French Part) Euro 0.806776 3,470 49.20
Saint Pierre and Miquelon Euro 0.806776 3,470 49.20
Saint Vincent and Grenadines East Caribbean Dollar (XCD) 0.224621 10,405 147.60
Saint-Barthelemy Euro 0.806776 3,470 49.20
Samoa Tala 0.260327 10,405 147.60
San Marino Euro 0.806776 3,470 49.20
Sao Tome and Principe Dobras 0.000034 6,940 98.40
Saudi Arabia Saudi Riyal 0.161497 6,940 98.40
Senegal CFA Franc (BCEAO) 0.001231 6,940 98.40
Serbia Serbian Dinar 0.006895 6,940 98.40
Seychelles Seychelles Rupee 0.047854 10,405 147.60
Sierra Leone Leone (SLL) 0.00014 6,940 98.40
Singapore Singapore Dollar 0.478904 10,405 147.60
Sint Maarten (Dutch Part) Antillean gulden 0.338432 3,470 49.20
Slovakia Euro (Slovak Koruna used until 1st Jan 2009) 0.806776 10,405 147.60
Slovenia Euro 0.806776 13,875 196.80
Solomon Islands Solomon Islands Dollar 0.083054 13,875 196.80
Somalia Somali Shilling 0.000674 3,470 49.20
South Africa Rand (ZAR) 0.055988 6,940 98.40
South Georgia and the South Sandwich Islands GBP = £1 GBP 3,470 49.20
South Sudan Sudanese Pound 0.106451 6,940 98.40
Spain Euro 0.806776 13,875 196.80
Sri Lanka Sri Lankan Rupee 0.004645 6,940 98.40
Sudan Sudanese Pound 0.106451 6,940 98.40
Suriname Surinam Dollar 0.183781 10,405 147.60
Svalbard and Jan Mayen Islands Norwegian Krone 0.096739 24,270 344.40
Swaziland Lilangeni (SZL) 0.056112 6,940 98.40
Sweden Swedish Krona 0.088623 20,800 295.20
Switzerland Swiss Franc 0.663917 24,270 344.40
Syrian Arab Republic Syrian Pound 0.00399 10,405 147.60

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Taiwan Taiwan Dollar 0.020024 10,405 147.60
Tajikistan Somoni (TJS) 0.12336 6,940 98.40
Tanzania, United Republic of Tanzania Shilling 0.000365 6,940 98.40
Thailand Thai Baht 0.018658 6,940 98.40
Timor-Leste U.S. Dollar 0.605793 10,405 147.60
Togo CFA Franc (BCEAO) 0.001231 6,940 98.40
Tokelau New Zealand Dollar 0.503686 3,470 49.20
Tonga Pa'anga 0.547883 13,875 196.80
Trinidad and Tobago Trinidad & Tobago Dollar 0.094937 10,405 147.60
Tunisia Tunisian Dinar 0.358336 6,940 98.40
Turkey Turkish New Lira 0.278067 10,405 147.60
Turkmenistan Turkmenistan New Manat 0.213159 10,405 147.60
Turks and Caicos Islands U.S. Dollar 0.605793 3,470 49.20
Tuvala Australian Dollar (Also use the Tuvaluan Dollar) 0.547883 17,335 246.00

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Uganda Ugandan New Shilling 0.000234 6,940 98.40
Ukraine Hryvnia (UAH) 0.051514 6,940 98.40
United Arab Emirates U.A.E. Dirham 0.165118 10,405 147.60
United Kingdom GBP = £1 GBP 17,335 246.00
United States U.S. Dollar 0.605793 17,335 246.00
Uruguay Uruguayan Peso 0.026208 13,875 196.80
Uzbekistan Uzbekistan Sum 0.000264 6,940 98.40

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Vanuatu Vatu (VUV) 0.006165 17,335 246.00
Venezuela Bolivar Fuerte 0.063404 13,875 196.80
Vietnam Dong (VND) 0.000029 6,940 98.40
Virgin Islands (British) U.S. Dollar 0.605793 3,470 49.20
Virgin Islands (US) U.S. Dollar 0.605793 3,470 49.20

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Wallis and Futuna Islands CFP Franc 0.006765 3,470 49.20
Western Sahara Moroccan Dirham 0.072311 3,470 49.20

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Yemen, Rep. Yemeni Rial 0.00282 6,940 98.40

Back to top


Country of residence Currency Exchange Rate Earnings threshold (£GBP) Monthly default repayment (£GBP)
Zambia Zambian Kwacha 0.098996 6,940 98.40
Zimbabwe Zimbabwean Dollar 0.001604 6,940 98.40

Back to top


background image
Site Search