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Student Loan Repayment Calculator 2026/27 (Plan 1, 2, 4, 5 & Postgraduate)
See how much student loan comes out of your pay each month, with the new thresholds for every plan.
1. Your pay
2. Pension and student loan
Take-home pay 2026/27
£2,234.55 / month
£26,815 a year · £515.67 a week
Of your next £100 of pay, about £36 goes on tax, NI and student loan.
3. Breakdown
| Year | Month | Week | |
|---|---|---|---|
| Gross pay | £35,000 | £2,916.67 | £673.08 |
| Income tax | -£4,136 | -£344.67 | -£79.54 |
| National Insurance | -£1,794 | -£149.53 | -£34.51 |
| Pension | -£1,750 | -£145.83 | -£33.65 |
| Student loan | -£505 | -£42.08 | -£9.71 |
| Take-home pay | £26,815 | £2,234.55 | £515.67 |
Tax-free Personal Allowance: £12,570 (tax code 1257L). Your real payslip can differ slightly because tax and NI are worked out each pay period.
Tax year 2026/27 (6 April 2026 – 5 April 2027). Rules last checked: October 2026. Estimate for employees on a standard tax code; not financial advice. 🔒 Everything stays on your device.
Questions people ask
What is the tax-free Personal Allowance for 2026/27?+
£12,570. It shrinks by £1 for every £2 you earn over £100,000, and is gone at £125,140.
What are the income tax rates for 2026/27?+
England, Wales and Northern Ireland: 20% up to £50,270, 40% up to £125,140 and 45% above. Scotland has six rates: 19%, 20%, 21%, 42%, 45% and 48%.
How much National Insurance do employees pay?+
8% on earnings between £12,570 and £50,270 a year, and 2% above that.
When do I repay my student loan in 2026/27?+
9% of earnings above the threshold: Plan 1 £26,900, Plan 2 £29,385, Plan 4 £33,795, Plan 5 £25,000. Postgraduate Loans: 6% above £21,000.
Does salary sacrifice increase take-home pay?+
It lowers your pay, but because you also save income tax and National Insurance on the amount, your pension gets more for each pound your take-home pay drops.