On £35,000 a Plan 2 graduate repays £505 a year (£42 a month) on top of £6,280 income tax and National Insurance, and takes home £28,215. Here is every plan.
| Plan and who is on it | Yearly threshold | Monthly | Rate |
|---|---|---|---|
| Plan 1 England or Wales courses started before September 2012, or Northern Ireland | £26,900 | £2,241 | 9% |
| Plan 2 England or Wales courses started between September 2012 and July 2023 | £29,385 | £2,448 | 9% |
| Plan 4 Scotland | £33,795 | £2,816 | 9% |
| Plan 5 England courses started on or after 1 August 2023 | £25,000 | £2,083 | 9% |
| Postgraduate loan Master's and doctoral loans | £21,000 | £1,750 | 6% |
Monthly thresholds are the yearly figure divided by 12 and rounded down, as GOV.UK publishes them.
| Salary | Plan 1 | Plan 2 | Plan 4 | Plan 5 | Postgrad |
|---|---|---|---|---|---|
| £20,000 | £0 | £0 | £0 | £0 | £0 |
| £25,000 | £0 | £0 | £0 | £0 | £240 |
| £28,000 | £99 | £0 | £0 | £270 | £420 |
| £30,000 | £279 | £55 | £0 | £450 | £540 |
| £32,000 | £459 | £235 | £0 | £630 | £660 |
| £35,000 | £729 | £505 | £108 | £900 | £840 |
| £40,000 | £1,179 | £955 | £558 | £1,350 | £1,140 |
| £45,000 | £1,629 | £1,405 | £1,008 | £1,800 | £1,440 |
| £50,000 | £2,079 | £1,855 | £1,458 | £2,250 | £1,740 |
| £60,000 | £2,979 | £2,755 | £2,358 | £3,150 | £2,340 |
| £70,000 | £3,879 | £3,655 | £3,258 | £4,050 | £2,940 |
| £80,000 | £4,779 | £4,555 | £4,158 | £4,950 | £3,540 |
| £100,000 | £6,579 | £6,355 | £5,958 | £6,750 | £4,740 |
After income tax, National Insurance and the student loan, tax code 1257L, no pension. Plan 4 is for Scottish graduates, so that column uses Scottish income tax.
| Salary | No loan | Plan 1 | Plan 2 | Plan 5 | Plan 4 (Scotland) |
|---|---|---|---|---|---|
| £20,000 | £1,493 | £1,493 | £1,493 | £1,493 | £1,497 |
| £25,000 | £1,793 | £1,793 | £1,793 | £1,793 | £1,797 |
| £28,000 | £1,973 | £1,965 | £1,973 | £1,951 | £1,977 |
| £30,000 | £2,093 | £2,070 | £2,089 | £2,056 | £2,096 |
| £32,000 | £2,213 | £2,175 | £2,194 | £2,161 | £2,215 |
| £35,000 | £2,393 | £2,333 | £2,351 | £2,318 | £2,383 |
| £40,000 | £2,693 | £2,595 | £2,614 | £2,581 | £2,641 |
| £45,000 | £2,993 | £2,858 | £2,876 | £2,843 | £2,876 |
| £50,000 | £3,293 | £3,120 | £3,139 | £3,106 | £3,047 |
| £60,000 | £3,780 | £3,532 | £3,550 | £3,517 | £3,437 |
| £70,000 | £4,263 | £3,940 | £3,959 | £3,926 | £3,829 |
| £80,000 | £4,746 | £4,348 | £4,367 | £4,334 | £4,208 |
| £100,000 | £5,713 | £5,165 | £5,184 | £5,151 | £4,942 |
| Step | Amount |
|---|---|
| Salary | £35,000.00 |
| Plan 2 threshold | £29,385.00 |
| Income over the threshold | £5,615.00 |
| 9%, rounded down to the pound | £505.00 |
| Income tax and National Insurance | £6,280.40 |
| Take-home pay | £28,214.60 |
Payroll works the repayment out each pay period against the weekly or monthly threshold, so your payslips can differ by a few pounds over the year.
In 2026/27 you repay £729 a year on Plan 1, £505 on Plan 2, £108 on Plan 4 and £900 on Plan 5. A postgraduate loan adds £840.
Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000 and postgraduate loans £21,000 a year. You repay 9% of income above the threshold, or 6% for a postgraduate loan.
If you have a postgraduate loan and an undergraduate loan, you repay both at the same time: 6% over £21,000 plus 9% over your plan threshold. If you have two undergraduate plans, you repay 9% of income over the lower of the two thresholds, not 9% for each plan.
No. It is taken through payroll with income tax and National Insurance, but it goes to the Student Loans Company to pay off your loan. Any balance left is written off at the end of the loan term.
Plan 5 covers English courses started from 1 August 2023. Repayments can start from April 2026, the April after the course ends, at 9% of income over £25,000 a year.