🇬🇧 United KingdomTax year 2026/27 · 6 Apr 2026–5 Apr 2027UK-wide
UK Student Loan Repayment Calculator 2026/27
Estimate your 2026/27 student loan repayments for Plan 1, Plan 2, Plan 4, Plan 5 and Postgraduate Loans — yearly, monthly or weekly — using the thresholds employers use.
Estimated student loan repayment
£505.35 per year9% of income above £29,385 (Plan 2)
Per year (estimate)£505
Threshold£29,385
Income left£34,495
Breakdown
| Item | Amount |
|---|---|
| Repayment income per year | £35,000.00 |
| Plan 2: 9% above £29,3859% on £5,615.00 | −£505.35 |
| Total repayment per year | −£505.35 |
Effective rate1.4%
Repayment as a share of gross income.
Assumptions
- Thresholds are the 2026/27 values. Payroll deductions are rounded down to whole pounds each pay period.
- Undergraduate and Postgraduate Loan repayments are calculated separately and added together.
- Repayment income is pay before tax (after any salary sacrifice). Self Assessment customers also include unearned income over £2,000.
- If you have more than one undergraduate plan, payroll uses the lowest threshold and HMRC allocates repayments — not modelled.
How this was calculated
| Plan (2026/27) | Threshold & rate |
|---|---|
| Plan 1 | £26,900 a year · 9% |
| Plan 2 | £29,385 a year · 9% |
| Plan 4 (Scotland) | £33,795 a year · 9% |
| Plan 5 | £25,000 a year · 9% |
| Postgraduate Loan | £21,000 a year · 6% |
repayment = rate × max(0, income − threshold) Postgraduate Loan is added separately if you have one.
Payroll uses period thresholds — for Plan 2 that is £2,448 a month or £565 a week — and rounds each deduction down to the nearest pound. Repayments stop when the loan is repaid or written off.
Worked example
On £35,000 with Plan 2: (£35,000 − £29,385) × 9% = £505.35 a year, about £42 a month.
Official sources
Rule review
Results are estimates for general information, not personalised tax, legal or financial advice. See our methodology and disclaimer.
Related UK calculators
Continue the decision with the next tool.
Frequently asked questions
Which plan am I on?
Plan 1: English/Welsh students who started before September 2012, and Northern Ireland students. Plan 2: English/Welsh students from September 2012 to July 2023. Plan 4: Scottish students. Plan 5: English students starting from August 2023. Check your Student Loans Company account to be sure.
Do I repay if I earn under the threshold?
No. Nothing is deducted in a pay period where income is at or below the period threshold.
Can I have two student loan deductions?
Yes — an undergraduate plan and a Postgraduate Loan are repaid at the same time, 9% plus 6%. If you have two undergraduate plans, payroll deducts once using the lowest threshold.
Does salary sacrifice reduce student loan repayments?
Yes. Repayments are based on pay after salary sacrifice. Net-pay pension contributions do not reduce them.