On a £50,000 salary in 2026/27, estimated Plan 4 repayments are £1,452.00 per year, or £121.00 monthly equivalent. Take-home is £38,068.08 per year, compared with £39,520.08 without the loan.
Default reference: 2026/27 · England / Wales / NI · 1257L · monthly payroll · no pension or benefits · Plan 4 only. Regular employment income; no bonus. Change your assumptions below.
| Calculation | Amount |
|---|---|
| Gross salary | £50,000.00 |
| Repayment threshold | £33,795.00 |
| Income above annual threshold | £16,205.00 |
| Repayment rate | 9% |
| Monthly threshold | £2,816.25 |
| Monthly payroll deduction | £121.00 |
| Annual loan repayment | £1,452.00 |
| Monthly equivalent | £121.00 |
| Annual take-home with loan | £38,068.08 |
| Annual take-home without loan | £39,520.08 |
| Annual take-home reduction | £1,452.00 |
Each regular monthly payment is £4,166.67. HMRC applies the 9% rate to earnings above £2,816.25, rounds the deduction down to £121.00, then the twelve payments total £1,452.00. The customised calculator may differ from these defaults.
View £50,000 salary after tax · Find the salary for a monthly or annual take-home target
| Annual salary | Annual repayment | Monthly equivalent |
|---|---|---|
| £25,000 | £0.00 | £0.00 |
| £30,000 | £0.00 | £0.00 |
| £50,000 | £1,452.00 | £121.00 |
| £100,000 | £5,952.00 | £496.00 |
Your lender, where you normally lived when applying, course type and start date affect your plan. Your current Income Tax region does not determine it. You cannot choose the plan with the lowest repayment. Use your SLC account, repayment letter or GOV.UK’s plan guidance. Only one undergraduate payroll plan is selected here; SLC allocates repayments between any underlying loans.
A Postgraduate Loan can be repaid alongside an undergraduate loan. Each uses its own threshold and rate; the calculator shows both deductions and their total. Not all postgraduate study leads to a separate Postgraduate Loan—check your confirmed plan.
Payroll repayments use earnings subject to employer secondary Class 1 NI, even if you personally pay no employee NI. Qualifying salary sacrifice reduces cash earnings. Net-pay and relief-at-source pension deductions do not reduce the repayment earnings. Class 1 cash allowances or benefits can add to them; most non-cash Class 1A benefits do not. HMRC deduction guidance · Salary sacrifice rules.
The model uses steady regular pay and the selected payroll frequency. HMRC rounds thresholds down to pennies and period deductions down to whole pounds. Annual totals can therefore differ from an unrounded percentage of annual excess income. Bonuses and irregular pay can trigger deductions even below an annual threshold. Monthly and weekly equivalents are not promised payslip amounts. Official repayment examples and refunds.
This estimates payroll deductions for one job, not loan interest, outstanding balance, lifetime repayment or write-off. It does not model multiple employers, start/stop notices, protected-earnings orders, irregular daily periods or Self Assessment repayments on other income. It cannot determine whether you should make voluntary repayments. Educational estimates, not personalised advice.
Thresholds and plan availability come from the shared tax-year configuration. Plan 2 payroll repayments start in 2016/17, Plan 4 in 2021/22, Plan 5 in 2026/27 and Postgraduate Loans in 2019/20. Scottish Income Tax is selected independently from the loan plan. Historical repayment thresholds · Calculation methodology.
Bonus deductions · Pay-rise take-home impact · Salary sacrifice and loan repayments · Salary calculations