Covers Plans 1, 2, 4 (Scotland), 5 and Postgraduate loans with correct thresholds for each tax year.
Uses HMRC floor rounding (rounds down) for accurate repayment figures matching your payslip.
Thresholds change each September. This calculator uses the correct threshold for the tax year selected.
UK Tax Hero connects you with qualified tax specialists for filing, HMRC investigations, tax planning and more.
You repay a percentage of your income above the threshold: 9% for Plans 1,2,4,5 and 6% for Postgraduate. Repayments stop automatically when below the threshold or when the loan is cleared.
Plan 5 (for English students starting from August 2023) has a £25,000 threshold, a longer repayment period (40 years), and uses the lower repayment rate of 9%.
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A matched specialist will contact you within 1 business day.