Tax year 2026/27. Repayments are taken from gross pay above the threshold, before tax. Payroll rounds to the pound, so real deductions can differ by a few pence.
Your repayment each month
£42.11
£505 a year
9% of everything you earn above £29,385 · written off 30 years after the April you were first due to repay
Of every extra £100 you earn, £9 goes to your student loan before tax and NI take their share.
Want the full picture with tax and NI included? Take-home pay calculator.
Student loan repayment calculator by Wealthfare. Free UK money tools; figures update each tax year.