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Story summary
- A freeze on the UK student loan repayment threshold will affect high-earning graduates.
- Those earning £100,000–£125,140 face 71% combined tax rate from income tax and student loan repayments.
- A graduate earning £125,000 will take home £69,374, which is £8,687 less than a non-graduate.
- The Chancellor of the Exchequer extended the income tax threshold freeze to 2030.
- From April 2027, the student loan repayment threshold remains at £29,385 for three years.
