Student loan repayment thresholds 2026/27
Plan 1, 2, 4, 5 and postgraduate loan thresholds and rates, how repayments come out of pay, and what changed this year.
- 2026/27 tax year, reviewed 2nd September 2026
- Figures from HMRC and the Treasury
- Updated automatically when rates change
- £29,385Plan 2 threshold
- £25,000Plan 5 threshold
- 9%Repayment rate (plans 1–5)
What changed from 2025/26 to 2026/27
| Item | 2025/26 | 2026/27 | Change |
|---|---|---|---|
| Plan 1 threshold | £26,065 | £26,900 | +£835 |
| Plan 2 threshold | £28,470 | £29,385 | +£915 |
| Plan 4 threshold | £32,745 | £33,470 | +£725 |
| Plan 5 threshold | £25,000 | £25,000 | No change |
| Postgraduate loan threshold | £21,000 | £21,000 | No change |
Full rates and thresholds
Everything for 2026/27 in one place.
Thresholds and rates
| Plan | Annual threshold | Rate above threshold |
|---|---|---|
| Plan 1 (pre-2012 England and Wales, Northern Ireland) | £26,900 | 9% |
| Plan 2 (England and Wales 2012–2023) | £29,385 | 9% |
| Plan 4 (Scotland) | £33,470 | 9% |
| Plan 5 (England from 2023) | £25,000 | 9% |
| Postgraduate loan | £21,000 | 6% |
Worth knowing
- Repayments are 9% (6% postgraduate) of earnings above the threshold, collected through PAYE per pay period, so a bonus month can trigger a repayment even if annual pay is below the threshold.
- Employers just apply the plan type on the starter checklist or HMRC notice; they do not need the balance.
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Frequently asked questions
What is the Plan 2 threshold for 2026/27?
£29,385, up from £28,470 in 2025/26. You repay 9% of earnings above it.