Student loan repayment thresholds 2026/27
How much your employer takes for your student loan, by plan. Repayments are a share of what you earn over the threshold, not of what you owe.
| Plan | Year | Month | Week | Rate |
|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241.66 | £517.30 | 9% |
| Plan 2 | £29,385 | £2,448.75 | £565.09 | 9% |
| Plan 4 (Scotland) | £33,795 | £2,816.25 | £649.90 | 9% |
| Plan 5 | £25,000 | £2,083.33 | £480.76 | 9% |
| Postgraduate Loan | £21,000 | £1,750.00 | £403.84 | 6% |
Source: GOV.UK, Rates and thresholds for employers 2026 to 2027
How payroll takes it
- Each pay, your employer takes the rate on earnings above that period's threshold, rounded down to the pound. It isn't cumulative, so a bonus month means a bigger deduction.
- Payroll deducts for one undergraduate plan only: the one on HMRC's start notice. If you have more than one plan, the Student Loans Company sorts out how repayments are shared between them.
- A Postgraduate Loan is taken as well as any undergraduate plan.
- Salary sacrifice lowers the pay that repayments are worked out on.
Repayments a year at common salaries
| Salary | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgraduate Loan |
|---|---|---|---|---|---|
| £30,000 | £276 | £48 | £0 | £444 | £540 |
| £40,000 | £1,176 | £948 | £552 | £1,344 | £1,140 |
| £50,000 | £2,076 | £1,848 | £1,452 | £2,244 | £1,740 |
| £60,000 | £2,976 | £2,748 | £2,352 | £3,144 | £2,340 |
Paid monthly. Add your plan in the UK salary calculator to see your take-home.
Rates checked 19 October 2026 against HMRC for the 2026/27 tax year (6 April 2026 – 5 April 2027). How we calculate · Sources · Accuracy tests · Report an error
Estimate for information only, based on United Kingdom 2026/27 rates. Not tax or financial advice. Your payslip may differ (for example tax code, benefits or other deductions).