All Plans Compared
| Plan | Threshold | Annual Repayment | Take Home/Month |
|---|---|---|---|
| No student loan | — | £0 | £2,093 |
| Plan 1 | £26,900 | -£279 | £2,070 |
| Plan 2 | £29,385 | -£55 | £2,089 |
| Plan 5 | £25,000 | -£450 | £2,056 |
Student loan repayments are 9% of income above the threshold. They're deducted automatically through PAYE. Plan 2 loans are written off after 30 years.
Understanding Student Loan Repayments on £30,000
Student loan repayments are calculated as 9% of income above the relevant threshold. On a salary of £30,000:
Plan 2 (started university 2012-2023): The 2026/27 repayment threshold is £29,385/year. You repay approximately £5/month (£55/year). Plan 2 loans are written off after 30 years.
Plan 5 (started university 2023 onwards): The 2026/27 repayment threshold is £25,000/year. You repay approximately £38/month (£450/year). Plan 5 loans are written off after 40 years, and interest is normally charged at RPI only (no additional margin above inflation).
Should You Overpay Your Student Loan?
At £30,000, your annual repayments are modest. It is very unlikely you will repay the full loan before write-off. Voluntary overpayments are strongly discouraged at this salary level — you would essentially be paying off a debt that would otherwise be forgiven. Focus instead on building savings, contributing to your pension, and managing day-to-day finances. See £30,000 salary after tax for your full take home breakdown.
Frequently Asked Questions
What is £30,000 after tax and student loan?
On Plan 2, £30,000 gives you £2,089/month after tax, NI, and student loan. Without student loan: £2,093/month.