Estimate your monthly student loan repayment by plan type. Supports Plan 1, Plan 2, Plan 4 (Scotland), Plan 5 and Postgraduate (PGL): and combinations of them.
Total annual repayment
£505
£42.11 per month · £9.72 per week
Plans selected
1
Plan 2
Annual gross
£35,000
From your input × frequency
| Plan | Threshold | Earnings above | Rate | Annual | Monthly |
|---|---|---|---|---|---|
| Plan 2 | £29,385 | £5,615 | 9% | £505.35 | £42.11 |
| Total | £505.35 | £42.11 |
Thresholds shown are the most recently confirmed values; HMRC publishes formal 2026/27 figures in early 2026. Repayments are deducted by your employer through PAYE in each pay period: actual deductions are calculated on each pay period's earnings, not annualised. Loan balance, accrued interest and write-off horizon are not modelled here. Verify against your HMRC personal tax account or Student Loans Company account.
Student loan repayments are deducted directly from your salary by your employer through PAYE: they do not appear on your tax bill. The amount taken depends only on your gross earnings above the threshold for your plan, not on the size of your outstanding balance.
Your employer assesses repayments per pay period, not annually. If your monthly pay (× 12) takes you above the annual threshold, repayments start that month: even if your annual total ends up below the threshold (for example because of a one-off bonus). Plan to reconcile via Self Assessment or HMRC repayment claim if this happens.
It depends on where and when you started university. Plan 1: pre-Sep 2012 English/Welsh undergrads or any NI undergrad. Plan 2: Sep 2012-Jul 2023 English/Welsh undergrads. Plan 4: Scottish students (administered by SAAS). Plan 5: New English/Welsh undergrads from Aug 2023. Postgraduate (PGL): Master's and Doctoral loans. You can be on more than one plan at once.
Plan 1: £26,900. Plan 2: £29,385. Plan 4: £33,795. Plan 5: £25,000 (frozen until April 2027). Postgraduate: £21,000. Plan 1 and Plan 4 thresholds typically rise each April with RPI; the others are frozen as part of the 2022 reforms. PayslipIQ updates the figures when HMRC publishes the formal 2026/27 thresholds in early 2026.
9% of earnings above the threshold for Plan 1, 2, 4 and 5. 6% of earnings above the threshold for Postgraduate loans. If you have both a Postgraduate loan and an undergraduate plan, both are deducted simultaneously.
No. Student loan repayments are a separate deduction line on your payslip. They do not affect your personal allowance or income tax calculation. Your employer is told which plan(s) to deduct via your P45, Starter Checklist, or HMRC notice.
Plan 1: 25 years after April first due to repay (or age 65, depending on cohort). Plan 2: 30 years after due. Plan 4: 30 years. Plan 5: 40 years (the longest, introduced in 2023). Postgraduate: 30 years. Write-offs are not the same as having paid the loan: interest accrues throughout.
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PayslipIQ provides educational information and estimated calculations only. It does not provide tax, legal, financial, payroll, accounting, pension, benefits or employment advice. Always verify your payslip, tax code, deductions and take-home pay with your employer's payroll department, HMRC, your pension provider, a qualified accountant, tax adviser or another appropriately qualified professional.