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Student Loan Plans 2026/27
| Plan | Threshold | Rate |
|---|---|---|
| Plan 1 | £26,900/year | 9% |
| Plan 2 | £29,385/year | 9% |
| Plan 4 (Scotland) | £33,795/year | 9% |
| Plan 5 | £25,000/year | 9% |
| Postgraduate Loan | £21,000/year | 6% |
If you have both an undergraduate plan and a Postgraduate Loan, you repay both simultaneously — 9% above the undergraduate threshold plus 6% above the postgraduate threshold.
Get Independent Financial Advice
The figure above is an estimate of what you're entitled to or what it costs you — deciding what to actually do with it (invest, overpay debt, top up a pension) is a bigger decision worth getting right.
- Received a redundancy payout: understand tax-free thresholds and how to make a lump sum work for you long-term.
- Planning parental leave: budget around the drop from full pay to statutory rate, and check what protections apply.
- Deciding whether to overpay a student loan: for many people investing the surplus outperforms early repayment — but it depends on your plan type and income trajectory.
- Reviewing pension contributions: small percentage changes compound significantly over a career.
An FCA-regulated independent financial adviser can model your specific numbers — free directories like Unbiased.co.uk match you with a local IFA.
Find an Independent Financial Adviser →Transparency & Methodology
Methodology & Sources
Figures are public HMRC/gov.scot/DWP rates. For your exact position, use gov.uk/estimate-income-tax.
Not Tax or Legal Advice
Information only. Consult the Chartered Institute of Taxation or an adviser via the FCA Register.
Open Source
Formulas are public. Inspect on GitHub.