Student Loan · Postgraduate · 2025/26
Student Loan Postgraduate Repayments on £45,000/year
On a gross salary of £45,000, a Postgraduate Loan borrower repays £1,440 per year — about £120 per month. Repayment is 6% of income above the £21,000 annual threshold, deducted automatically via PAYE.
Last updated: How we verify
Yearly
£1,440
Monthly
£120
Weekly
£28
How Postgraduate Loan on £45,000 is calculated
| Gross salary | £45,000 |
| Postgraduate Loan threshold | −£21,000 |
| Income above threshold | £24,000 |
| × repayment rate (6%) | £1,440 |
| Annual repayment | £1,440 |
| Monthly (annual ÷ 12) | £120 |
| Effective rate (annual ÷ gross) | 3.20% |
Calculated using 2025/26 HMRC rates: Postgraduate Loan threshold £21,000, rate 6%. PAYE deductions are made each pay period using the weekly/monthly equivalent of the annual threshold — the figures above are an annualised view.
Who is on Postgraduate Loan?
The Postgraduate Loan covers English and Welsh Master’s and Doctoral students. It runs in parallel to any undergraduate plan — borrowers can be deducted on both at the same time.
Same £45,000 salary on other student loan plans
Postgraduate repayments at other salaries
FAQs
How much is my Postgraduate Loan repayment on £45,000?
On £45,000 per year, your Postgraduate Loan student loan repayment is £1,440 per year — about £120 per month or £28 per week. This is 6% of the £24,000 you earn above the £21,000 threshold.
When does my Postgraduate Loan repayment start?
Postgraduate Loan repayments start in the pay period when your year-to-date earnings cross the £21,000 annual threshold (or the equivalent weekly/monthly figure). HMRC instructs your employer via the SL1/PGL1 notice and deducts 6% of pay above the threshold from each payslip.
Does Postgraduate Loan affect my income tax?
No. Student loan repayments are taken after income tax and National Insurance. On £45,000, your repayment of £1,440 comes out of take-home pay — it isn’t deductible against income tax and doesn’t reduce taxable income.
Related
Disclaimer: Figures use 2025/26 HMRC thresholds and rates. PAYE deductions are made per pay period, so monthly figures may vary slightly across the year. Postgraduate loans stack on top of any undergraduate plan. Always check your payslip and HMRC personal tax account.