Answers · UK 2025/26
What is my take-home pay on £60,000 with both a Plan 2 and a Postgraduate Loan in 2026/27?
On £60,000 in 2026/27 with both a Plan 2 undergraduate loan and a Postgraduate Loan, you pay £11,432 Income Tax, £3,210.60 National Insurance, £2,755.35 Plan 2 repayments and £2,340 Postgraduate Loan repayments, leaving £40,262.05 take-home pay -- about £3,355.17 a month.
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On a £60,000 salary in 2026/27, the standard deductions are £11,432 Income Tax (£37,700 at 20% plus £9,730 at 40%, on taxable income of £47,430) and £3,210.60 National Insurance (8% up to the £50,270 Upper Earnings Limit plus 2% above it), leaving £45,357.40 before student loans. The Plan 2 loan is repaid at 9% of income above £29,385, so on £60,000 the amount above the threshold is £30,615, giving a repayment of £2,755.35. The Postgraduate Loan is repaid separately at 6% of income above £21,000, so the amount above that threshold is £39,000, giving a repayment of £2,340. The two repayments total £5,095.35 for the year, leaving take-home pay of £40,262.05, around £3,355.17 a month. At this salary the Plan 2 repayment has clearly overtaken the Postgraduate Loan repayment, and with £9,730 of income taxed at 40%, salary sacrifice pension contributions are especially valuable here: sacrificing salary from the higher-rate portion reduces Income Tax, National Insurance and both student loan repayments simultaneously, since all four are calculated on the same reduced gross salary figure.
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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.