Answers · UK 2025/26
What is my take-home pay on £35,000 with a Plan 4 student loan in 2026/27?
A Scottish taxpayer on £35,000 in 2026/27 with a Plan 4 student loan pays £4,501.07 Income Tax, £1,794.40 National Insurance and £108.45 student loan repayments, leaving £28,596.08 take-home pay -- about £2,383.01 a month.
Full answer
Plan 4 student loans apply to people who started an undergraduate course in Scotland, and are repaid at 9% of income above a £33,795 threshold for 2026/27 -- a higher threshold than Plan 1, Plan 2 or Plan 5. On a £35,000 salary, Scottish Income Tax is calculated on taxable income of £22,430 (after the £12,570 Personal Allowance): 19% on the first £3,967 (£753.73), 20% on the next £12,989 (£2,597.80), and the remaining £5,474 at 21% (£1,149.54), giving £4,501.07 total. National Insurance is 8% of the same £22,430 taxable base, giving £1,794.40. The student loan repayment is 9% of the £1,205 above the £33,795 Plan 4 threshold, which is £108.45. Combined deductions of £6,403.92 leave £28,596.08 take-home a year, around £2,383.01 a month. Because Plan 4 has a notably higher repayment threshold than Plan 2 (£29,385) or Plan 5 (£25,000), a Scottish graduate on £35,000 with a Plan 4 loan repays considerably less than an English graduate on Plan 2 or Plan 5 would repay on the same salary.
Try the calculator
More answers
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.