| Plan | Threshold | Monthly | Annual |
|---|---|---|---|
| Plan 1 | £26,900 | £98.25 | £1,179 |
| Plan 2 | £29,385 | £79.61 | £955 |
| Plan 4 | £33,795 | £46.54 | £558 |
| Plan 5 | £25,000 | £112.50 | £1,350 |
| Postgraduate Loan | £21,000 | £95.00 | £1,140 |
What this means for you
On £40,000, your monthly repayment depends entirely on which plan you're on. Plan 4 (Scotland) and Plan 1 (oldest plan) have the highest thresholds, so you'll pay the least there. Plan 5 (newest plan) has the lowest undergraduate threshold at £25,000.
Remember: these monthly amounts are deducted automatically through PAYE alongside your tax and National Insurance. You don't need to do anything — your employer handles it once HMRC tells them which plan you're on.
Calculate with your actual balance
The table above shows your monthly repayment for each plan. Use the calculator below to see your full lifetime cost — pick your plan and enter your actual balance: