Repayment thresholds 2026/27
| Plan | Yearly | Monthly | Weekly |
|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | £517 |
| Plan 2 | £29,385 | £2,448 | £565 |
| Plan 4 | £33,795 | £2,816 | £649 |
| Plan 5 | £25,000 | £2,083 | £480 |
| Postgraduate | £21,000 | £1,750 | £403 |
You repay 9% of income over the threshold for Plans 1, 2, 4 and 5, and 6% for a Postgraduate Loan (which is paid on top of any undergraduate plan).
Worked example
GOV.UK example: paid £3,200 a month with Plan 1 and Plan 2 loans – 9% of (£3,200 − £2,241) = £86.31 a month.
Frequently asked questions
What is the Plan 2 threshold for 2026/27?
£29,385 a year (£2,448 a month, £565 a week).
Do I pay student loan on a bonus?
Yes. Deductions are based on each pay period, so a big month can trigger a repayment. You can claim a refund if your yearly income ends up below the threshold.
How to use the Student Loan Repayment Calculator
- Enter your figures (price, salary, profit or dates) in the calculator above.
- Pick the options that match you, such as your UK nation, buyer type or plan.
- Read the breakdown: the tool shows each band or step, not just the total.
- Check the worked example and table below to sanity-check the result.
- Confirm big decisions with GOV.UK, HMRC or a qualified adviser.
Why use this Student Loan Repayment Calculator
Official 2026/27 rates
Rates and thresholds taken from GOV.UK and devolved government sites.
Band-by-band breakdown
See exactly how each slice is worked out.
UK nations
Handles differences between England, Scotland, Wales and NI where they apply.
Private
Your numbers never leave your browser.
Works on mobile
Responsive layout for phones and tablets.
Instant
No forms to submit, no sign-up.
Student Loan Repayment Calculator: chart and reference data
Source: GOV.UK – What you pay
| Plan | £30,000 | £40,000 | £50,000 |
|---|---|---|---|
| Plan 1 | £23.25 | £98.25 | £173.25 |
| Plan 2 | £4.61 | £79.61 | £154.61 |
| Plan 4 | £0.00 | £46.54 | £121.54 |
| Plan 5 | £37.50 | £112.50 | £187.50 |
| Postgraduate | £45.00 | £95.00 | £145.00 |
Student Loan Repayment Calculator compared with the alternatives
| Option | Uses current rates | Shows breakdown | Cost |
|---|---|---|---|
| This calculator | 2026/27 GOV.UK rates | Yes, band by band | Free |
| GOV.UK official tools | Yes | Partly | Free |
| Accountant / adviser | Yes | Yes, personalised | Paid |
| Old spreadsheets | Often out of date | Depends | Free |
Who uses it in the UK
- Budgeting before a job offer, house purchase or new car
- Checking a payslip, SMP letter or redundancy offer
- Freelancers and small businesses planning tax bills
- Comparing options side by side before speaking to an adviser
More questions
Which plan am I on?
It depends on where and when you started your course. Plan 2 covers most English and Welsh students who started between 2012 and July 2023; Plan 5 covers English students starting from August 2023; Plan 4 is Scotland. Check your Student Loans Company account to be sure.
Can I repay early?
Yes. You can make extra payments at any time with no penalty, but it is worth checking whether your loan is likely to be written off before you overpay.
Which tax year do these figures use?
The 2026/27 rates and thresholds (6 April 2026 to 5 April 2027), as published on GOV.UK and checked in October 2026.
Is this calculator financial advice?
No. It gives an estimate based on official rates. Your own situation may differ, so check with GOV.UK, HMRC, your lender or a qualified adviser before deciding.
✨ New: Remove the background from any image free – private, in your browser, transparent PNG.
Related free tools
Sources
- GOV.UK – Repaying your student loan: what you pay
- GOV.UK – 2026 to 2027 student loan deduction tables
Disclaimer: This calculator gives an estimate using official 2026/27 rates published on GOV.UK and devolved government sites (checked October 2026). It is not financial, tax or legal advice and may not cover every situation. Always check with the official source, HMRC, your lender or a qualified adviser before making decisions.