UK STUDENT FINANCE · 2026/27 THRESHOLDS
Student Loan Repayment Calculator 2026/27
Student loan payroll deductions normally depend on earnings above your plan threshold, not the amount still owed. Choose your actual plan and see an annualised repayment estimate.
Enter your figures
Figures are calculated in this browser; entered personal amounts are not required to be sent to our servers.
Calculation results
Annualised illustration, not HMRC payroll deductions; payroll uses pay-period thresholds and rounding. For multiple loans check GOV.UK.
Estimate only. A bank, employer, tax office or lender may apply additional conditions. See the scope and source below.
When and how to use this calculator
For Plan 2 in tax year 2026/27 the annual threshold is £29,385 and repayments are 9% of qualifying earnings over it. At £35,000 of annual qualifying employment pay, the simple annualised estimate is (£35,000 − £29,385) × 9%.
- Confirm the student loan plan on your Student Loans Company or HMRC record. Plan 1, 2, 4, 5 and postgraduate have different 2026/27 income thresholds.
- Use annual gross employment earnings BEFORE taxes as a planning input, not loan principal or take-home pay.
- For your actual payslip, use the relevant PAY PERIOD and HMRC rounding tables. This tool shows annualised averages and does not calculate the multiple-plan allocation rules.
Understand your result
2026/27 annualised planning only; separate loan types, taxes, NI, employer payroll rounding, pensions, overseas income, irregular pay and repayment refunds excluded. Plan 6 means postgraduate in this interface, not a statutory numbered Plan 6.
Questions people ask
Why doesn't outstanding student debt change the calculation?
Ordinary UK income-contingent student loan deductions are based on qualifying earnings above your plan's threshold, not a constant payment determined by the balance.
Can postgraduate and undergraduate loans be deducted together?
Yes. They may be due alongside each other; this calculator covers one selected plan at a time, not combined deductions.
Why can my payslip differ from the average monthly amount shown?
Bonuses, fluctuating pay, payroll periods, threshold division and HMRC rounding cause differences. Check the actual payslip and HMRC tables.
Reference and calculation scope
Source material is provided for independent checking. Our calculator is not a government or bank service.