2025/26 · After income tax, National Insurance & Plan 2 student loan
Earning £45,000 with a student loan? After income tax, National Insurance and Plan 2 repayments of £1,488 a year, you keep roughly £34,432 — about £2,869 landing in your account each month in 2025/26.
| Item | Annual | Monthly |
|---|---|---|
| 💷 Gross salary | £45,000 | £3,750 |
| − Income tax | −£6,486 | −£541 |
| − National Insurance | −£2,594 | −£216 |
| − Student loan (Plan 2) | −£1,488 | −£124 |
| ✓ Take-home pay | £34,432 | £2,869 |
| Plan | Threshold | Repayment/yr | Take-home/yr |
|---|---|---|---|
| Plan 1 | £26,065 | −£1,704 | £34,215 |
| Plan 2 | £28,470 | −£1,488 | £34,432 |
| Plan 4 (Scotland) | £32,745 | −£1,103 | £34,389 |
| Plan 5 | £25,000 | −£1,800 | £34,120 |
| Postgraduate | £21,000 | −£1,440 | £34,480 |
Repayments are 9% of income above your plan's threshold (6% for postgraduate loans). Not sure which plan you're on? England & Wales starters from Aug 2023 are Plan 5; 2012–2023 are Plan 2; Scotland is Plan 4.
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Open UK Student Loan Calculator →Uses 2025/26 HMRC rates (personal allowance £12,570, basic 20%, higher 40%, additional 45%; NI 8%/2%) plus 2025/26 student loan thresholds: Plan 1 £26,065, Plan 2 £28,470, Plan 4 £32,745, Plan 5 £25,000 (9%), Postgraduate £21,000 (6%). Headline figures assume Plan 2 and England/Wales tax bands, no pension contributions. The Plan 4 row uses Scottish 2025/26 income tax bands, since Plan 4 borrowers studied in Scotland. Repayments are collected via PAYE on income above the threshold. Estimates only — not financial advice.