| Plan | Threshold | Monthly | Annual |
|---|---|---|---|
| Plan 1 | £26,900 | £135.75 | £1,629 |
| Plan 2 | £29,385 | £117.11 | £1,405 |
| Plan 4 | £33,795 | £84.04 | £1,008 |
| Plan 5 | £25,000 | £150.00 | £1,800 |
| Postgraduate Loan | £21,000 | £120.00 | £1,440 |
What this means for you
On £45,000, 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.