Answers · UK 2025/26
How much is my Plan 1 student loan repayment on a £32,000 salary?
On a £32,000 salary in 2026/27, a Plan 1 student loan repayment is £459 for the year (9% of the £5,100 above the £26,900 threshold), leaving take-home pay of £26,100.60 a year after Income Tax, National Insurance and the loan repayment -- about £2,175.05 a month.
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Plan 1 student loans are repaid at 9% of income above a 2026/27 threshold of £26,900. On a £32,000 salary, the amount above the threshold is £5,100, so the annual repayment is 9% of £5,100, which is £459, or £38.25 a month, deducted automatically through PAYE. The underlying Income Tax on £32,000 is £3,886 (20% of the £19,430 taxable after the £12,570 Personal Allowance) and National Insurance is £1,554.40 (8% of the same £19,430), so total deductions across tax, National Insurance and the student loan are £5,899.40, leaving take-home pay of £26,100.60 a year, around £2,175.05 a month. If your salary rises further, remember that the marginal cost of a pay rise for a Plan 1 borrower is higher than for someone without a student loan -- an extra £1,000 costs £200 Income Tax, £80 National Insurance and £90 loan repayment, keeping 63% rather than 72% of the rise.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.