Answers · UK 2025/26
What is my take-home pay on £60,000 with a Plan 1 student loan in 2026/27?
On £60,000 in 2026/27 with a Plan 1 student loan, you pay £11,432 Income Tax, £3,210.60 National Insurance and £2,979 student loan repayments, leaving £42,378.40 take-home pay -- about £3,531.53 a month.
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On a £60,000 salary in 2026/27, the base calculation gives taxable income of £47,430: £37,700 taxed at 20% (£7,540) and the remaining £9,730 at 40% (£3,892), totalling £11,432 Income Tax. National Insurance is 8% of £37,700 up to the Upper Earnings Limit (£3,016) plus 2% of £9,730 above it (£194.60), totalling £3,210.60 -- leaving £45,357.40 before any student loan. Plan 1 loans (taken out by most students who started their course before September 2012, or Scottish and Northern Irish undergraduates) are repaid at 9% of income above the 2026/27 threshold of £26,900. On £60,000, the amount above the threshold is £33,100, so the repayment is 9% of £33,100 = £2,979 for the year. This leaves take-home pay of £42,378.40, around £3,531.53 a month. Plan 1 has a notably lower repayment threshold than Plan 2 (£29,385) or Plan 5 (£25,000 -- actually lower), so someone on Plan 1 with an older loan balance may find they repay it off faster than they would under Plan 2, since a larger portion of income above £26,900 is captured for repayment, and Plan 1 balances are also written off after 25 years rather than 30.
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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.