Student loan repayment thresholds
How much of your income triggers student loan repayments, by loan plan. Repayments are 9% of income over the threshold for plans 1, 2, 4 and 5, and 6% for postgraduate loans.
Thresholds by plan
| Plan | Annual threshold | Monthly | Weekly | Repayment rate |
|---|---|---|---|---|
| Plan 1 | £26,900 | £2,241 | £517 | 9% |
| Plan 2 | £29,385 | £2,448 | £565 | 9% |
| Plan 4 | £33,795 | £2,816 | £649 | 9% |
| Plan 5 | £25,000 | £2,083 | £480 | 9% |
| Postgraduate (England & Wales) | £21,000 | £1,750 | £403 | 6% |
- The Plan 2 threshold rose to £29,385 from April 2026 and is frozen at that level from April 2027.
- If you have more than one plan, repayments are 9% of income over the lowest applicable threshold.
- If you have a postgraduate loan and another plan, you can repay 6% above the postgraduate threshold and 9% above the other plan's threshold at the same time.
Common questions
Which plan am I on?
It depends on where you studied and when. Plan 1 covers pre-2012 loans in England, Wales and Northern Ireland; Plan 2 covers England and Wales undergraduate loans from 2012 to 2023; Plan 4 is Scotland; Plan 5 is new English undergraduate loans from August 2023; postgraduate loans are sometimes called Plan 3.
Does the repayment come out of my wages?
If you are employed, repayments are deducted by your employer through PAYE alongside tax and National Insurance. If you file Self Assessment, HMRC collects them with your return.
Figures from Repaying your student loan: what you pay . For guidance only, not tax advice. Always check current HMRC guidance.
Manage your own figures, not just read about them
MyTaxFiling keeps your income and expenses organised through the year, so your own tax position is clear well before filing time.