Legislative Update for PeopleSoft HCM Global Payroll New Zealand – Student Loan Threshold Change for Tax Year 2023/24

The student loan repayment threshold has increased from $21,268 to $22,828 for the 2023/24 tax year.  The changes are effective from 1^st of April 2023. 

More information on this has been provided in our Position Statement which can be found at My Oracle Support, Document ID <2919175.1>

We encourage our customers to review the latest statement to keep up to date