Student Loan Repayment Calculator
See exactly how much student loan will be deducted from your next payslip. Includes all 2026/27 thresholds for Plan 1, 2, 4, 5, and Postgraduate loans.
2026/27 Student Loan Thresholds
You only repay your student loan when your income is over a certain amount (the 'threshold' for your plan). If your income falls below the threshold, your repayments automatically stop.
Your repayments are calculated before tax, but deducted from your take-home pay. You pay a percentage (usually 9%) of the amount you earn above the threshold.
| Plan Type | Annual Threshold | Monthly Threshold | Repayment Rate |
|---|---|---|---|
| Plan 1 | £26,065 | £2,172 | 9% |
| Plan 2 | £28,470 | £2,372 | 9% |
| Plan 4 (Scotland) | £32,745 | £2,728 | 9% |
| Plan 5 (New starters) | £25,000 | £2,083 | 9% |
| Postgraduate (PGL) | £21,000 | £1,750 | 6% |
What if I have more than one plan?
If you have both an undergraduate loan (e.g. Plan 2) and a Postgraduate loan (PGL), you will make repayments towards both at the same time if you earn over the respective thresholds.
For example, if you earn £30,000 a year, you will pay 9% on the amount over £28,470 (for Plan 2) plus 6% on the amount over £21,000 (for PGL). Our calculator above handles this automatically — just tick both boxes.
Does salary sacrifice reduce my student loan repayments?
Yes. Your student loan repayment is calculated on your 'National Insuranceable' income. If you use salary sacrifice for your pension or a cycle-to-work scheme, your gross income is reduced before the student loan deduction is calculated. This means your student loan repayments will be lower.
Conversely, standard pension contributions (like "Relief at Source" or "Net Pay") do not reduce your student loan repayments.