Answers · UK 2025/26
What is my take-home pay on £31,000 with a Plan 1 student loan in 2026/27?
On £31,000 in 2026/27 with a Plan 1 student loan, you pay £3,686 Income Tax, £1,474.40 National Insurance and £369 student loan repayments, leaving £25,470.60 take-home pay -- about £2,122.55 a month.
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On a £31,000 salary in 2026/27, the standard deductions are £3,686 Income Tax (20% on the £18,430 above the £12,570 Personal Allowance) and £1,474.40 National Insurance (8% of the same £18,430), leaving £25,839.60 before a student loan. Plan 1 applies to most people who started an undergraduate course in England or Wales before September 2012, or in Scotland or Northern Ireland at any time, and is repaid at 9% of income above a £26,900 threshold for 2026/27. On £31,000, the amount above the threshold is £4,100, so the repayment is 9% of £4,100, which is £369 for the year, deducted automatically through PAYE. This leaves take-home pay of £25,470.60 a year, around £2,122.55 a month. Plan 1 has the lowest threshold of the plans still commonly in repayment, so borrowers on this plan begin repaying at lower salaries than those on Plan 2 (£29,385) or Plan 4 (£33,795). Plan 1 loans are written off 25 years after the April you were first due to repay, so long-standing borrowers nearing that date should check their Student Loans Company account, since repayments can sometimes continue briefly after the balance should have been cleared if the write-off is not processed promptly.
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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.