questionText: To ask the Chancellor of the Exchequer, pursuant to Question 115946 on Students: Loans, whether her Department holds the data requested on the number and proportion of people with Plan 2 student loans who had an effective marginal deduction rate of at least (a) 51 per cent and (b) 71 per cent in the 2024–25 tax year as a result of the combined effects of Income Tax, employee National Insurance contributions and Plan 2 student loan repayments.
answerText: Producing an answer to this question would be a significant analytical task at disproportionate cost. We will continue to keep the terms of the system under review to ensure the system protects taxpayers and students now and in the future.
heading: Students: Loans