Answers · UK 2025/26
What is my take-home pay on £37,000 with a Plan 1 student loan in 2026/27?
On £37,000 in 2026/27 with a Plan 1 student loan, you pay £4,886 Income Tax, £1,954.40 National Insurance and £909 student loan repayments, leaving £30,159.60 take-home pay -- about £2,513.30 a month.
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On a £37,000 salary in 2026/27, the standard deductions are £4,886 Income Tax (20% on the £24,430 above the £12,570 Personal Allowance) and £1,954.40 National Insurance (8% of the same £24,430), leaving £30,159.60 before any student loan. Plan 1 is repaid at 9% of income above a £26,900 threshold for 2026/27. On £37,000, the amount above the threshold is £10,100, so the repayment is 9% of £10,100, which is £909 for the year, deducted automatically through PAYE. Subtracting the £909 loan repayment from the £30,159.60 pre-loan figure gives a final take-home figure of £29,250.60 a year, around £2,437.55 a month. Plan 1's relatively low £26,900 threshold, combined with the standard 9% rate, means borrowers on this legacy plan often repay noticeably more over their working life than someone on Plan 2, even at identical salaries, simply because the Plan 1 threshold has historically risen more slowly and started from a lower base.
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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.