Thresholds for 2026/27
| Plan | Yearly threshold | Monthly threshold | Rate above it |
|---|---|---|---|
| Plan 1 | £26,900 | £2,241.67 | 9% |
| Plan 2 | £29,385 | £2,448.75 | 9% |
| Plan 4 (Scotland) | £33,795 | £2,816.25 | 9% |
| Plan 5 | £25,000 | £2,083.33 | 9% |
| Postgraduate Loan | £21,000 | £1,750.00 | 6% |
Which plan am I on?
Plan 1: you started before September 2012 in England or Wales, or studied in Northern Ireland. Plan 2: you started between September 2012 and July 2023 in England, or from September 2012 in Wales. Plan 4: you took your loan in Scotland. Plan 5: you started in England from August 2023. The postgraduate loan is for Master's and doctoral loans and is repaid alongside any other plan.
Monthly repayments at common salaries
Repayments taken through PAYE, per month:
| Salary | Plan 1 | Plan 2 | Plan 4 | Plan 5 |
|---|---|---|---|---|
| £25,000 | £0.00 | £0.00 | £0.00 | £0.00 |
| £30,000 | £23.25 | £4.61 | £0.00 | £37.50 |
| £35,000 | £60.75 | £42.11 | £9.04 | £75.00 |
| £40,000 | £98.25 | £79.61 | £46.54 | £112.50 |
| £50,000 | £173.25 | £154.61 | £121.54 | £187.50 |
| £60,000 | £248.25 | £229.61 | £196.54 | £262.50 |
How it affects your marginal rate
Above the threshold, a basic-rate taxpayer loses 20% income tax, 8% National Insurance and 9% student loan on each extra pound: 37% in total. With a postgraduate loan as well it is 43%.
Repayments stop when the loan is repaid or written off. Because repayments depend only on income, overpaying voluntarily is worth it only if you expect to clear the loan before it is written off.