Student Loan Repayment Calculator — 2026/27
Student loan repayments through PAYE work like a tax: 9% of everything you earn above your plan's threshold (6% for postgraduate loans). Pick your plan in the calculator to see the repayment alongside your tax and National Insurance.
| Gross salary | — |
|---|---|
| Personal Allowance | — |
| Income tax | — |
| National Insurance | — |
| Pension | — |
| Student loan | — |
| Overall deduction rate | — |
Income tax by band
| Band | Taxed amount | Tax |
|---|
Pension is modelled as a net pay arrangement (it reduces taxable pay, not National Insurance). Student loan thresholds 2026/27: Plan 1 £26,900 · Plan 2 £29,385 · Plan 4 £33,795 · Plan 5 £25,000 · Postgraduate £21,000.
Student loan thresholds 2026/27 (GOV.UK)
| Plan | Yearly threshold | Rate above threshold |
|---|---|---|
| Plan 1 | £26,900 | 9% |
| Plan 2 | £29,385 | 9% |
| Plan 4 (Scotland) | £33,795 | 9% |
| Plan 5 | £25,000 | 9% |
| Postgraduate Loan | £21,000 | 6% |
On £40,000, a Plan 2 borrower repays £955.35 a year (9% of the £10,615 above the threshold). Repayments are per pay period and are not refunded if your income later falls, though you can claim back overpayments at the year end in some cases.
Frequently asked questions
How much student loan do I repay on £35,000?
Plan 2: £505.35 a year (9% of £5,615 above the £29,385 threshold). Plan 1: £729 a year. Plan 5: £900 a year. Plan 4: £108.45 a year. The calculator shows your plan exactly.
Can I have two student loans at once?
Yes — a Postgraduate Loan runs alongside an undergraduate plan, so you can repay 9% and 6% at the same time. Tick the postgraduate box in the calculator if that is you.
Do pension contributions reduce student loan repayments?
Only under salary sacrifice. With a normal net pay or relief-at-source pension, repayments are based on your gross pay before pension — which is how this calculator models them.