How it works
Choose your loan plan, enter your annual gross income (or salary), and we apply the 2026/27 threshold and the 9% (or 6% Postgraduate) repayment rate in your browser.
In detail
You repay 9% of your income above the threshold for Plan 1, 2, 4 and 5 loans, and 6% for a Postgraduate loan. Repayments are taken automatically through PAYE (from your salary) or Self Assessment if you are self-employed, and they stop completely in any tax year your income falls below the threshold.
2026/27 repayment thresholds
| Plan | Threshold (annual) | Rate above |
|---|---|---|
| Plan 1 (pre-2012) | £26,900 | 9% |
| Plan 2 (2012–2023) | £29,385 | 9% |
| Plan 4 (Scotland) | £33,795 | 9% |
| Plan 5 (from 2023) | £25,000 | 9% |
| Postgraduate loan | £21,000 | 6% |
The thresholds are applied to your gross income (before tax). If you have both an undergraduate and a Postgraduate loan, both deductions can apply at the same time. The authoritative source is GOV.UK — Repaying your student loan.
Worked example · 计算示例
Worked example: Plan 2, £35,000 salary
You earn £35,000 and are on Plan 2 (England 2012+):
- Plan 2 threshold: £29,385.
- Amount above threshold: £35,000 − £29,385 = £5,615.
- Repayment: 9% × £5,615 = £505.35 per year (about £42 a month).
Repayments stop if your income drops below the threshold. Plan 1/4/5 use different thresholds; Postgraduate is 6%.
计算示例：Plan 2，年薪 £35,000
你年收入 £35,000，属 Plan 2（英格兰 2012 年后）：
- Plan 2 门槛：£29,385。
- 超出门槛部分：£35,000 − £29,385 = £5,615。
- 还款额：9% × £5,615 = £505.35/年（约 £42/月）。
收入低于门槛即停止扣款。Plan 1/4/5 门槛不同；研究生贷款为 6%。
FAQ
How much do I repay on a Plan 2 loan in 2026/27?
9% of your income above £29,385. For example, on a £40,000 salary that is 9% of £10,615 = £955.35 a year, or about £79.61 a month.
What is the Plan 5 threshold?
Plan 5 loans (taken out from 2023) have a lower threshold of £25,000, with the same 9% rate above it.
Do repayments stop if I lose my job?
Yes. Repayments are based on your income in each tax year, so if your income drops below the threshold the deduction stops.
How is a Postgraduate loan different?
A Postgraduate Master's or Doctoral loan is repaid at 6% of income above £21,000, and can run alongside an undergraduate plan.