See what you repay on a Plan 5 loan in 2026/27 and how long it could take.
| Loan | Monthly | Yearly |
|---|
2026/27 Plan 5 threshold: £25,000 a year (£2,083.33 a month). The projection keeps the threshold fixed and applies your interest rate and pay rise each year, so it is an estimate only. Check your actual interest rate in your online loan account. Plan 5 loans are written off 40 years after the April you were first due to repay.
If you started an undergraduate course in England on or after 1 August 2023, your loan is on Plan 5. This student loan Plan 5 calculator shows what comes out of your pay each month in 2026/27, using the thresholds published in the GOV.UK student loan repayment guidance, and projects how much you might repay before the loan is written off.
Quick answer: A student loan Plan 5 calculator applies 9% × (gross pay minus £25,000), the 2026/27 repayment threshold. On a £35,000 salary you earn £10,000 above the threshold, so you repay £900 a year, or £75 a month, and any balance left 40 years after the April you were first due to repay is written off.
In This Guide
What Is a Plan 5 Student Loan?
Plan 5 is the repayment plan for students from England who began an undergraduate course, a PGCE or certain other courses from August 2023. You only repay once your income goes above the repayment threshold, which is £25,000 a year (£2,083.33 a month) for 2026/27. Repayments start the April after you leave your course and are taken through payroll alongside tax and National Insurance.
The formula is 9% × (gross pay minus £25,000). On a £35,000 salary you earn £10,000 above the threshold, so you repay £900 a year, or £75 a month. What you owe does not change the monthly amount. Any balance left 40 years after the April you were first due to repay is written off.
How Do You Use the Student Loan Plan 5 Calculator?
Step 1: Enter Your Salary
You type your gross yearly pay before tax, or use the hourly to annual salary calculator if you only know an hourly rate. Type your gross yearly pay before tax. If you only know an hourly rate, the hourly to annual salary calculator gives you the yearly figure to use here, which keeps the result accurate.
Step 2: Add a Postgraduate Loan if You Have One
Tick the box if you also took out a Master's or Doctoral loan. That loan is repaid at 6% of income above £21,000 at the same time as your Plan 5 repayments, so both appear in the breakdown table.
Step 3: Enter Your Balance and Assumptions
Add your current balance from your online student loan account, the interest rate shown there and an expected yearly pay rise. These only affect the projection, not your monthly repayment.
Step 4: Read Your Results
You will see the monthly, yearly and weekly repayment, the projected total repaid and whether the loan is likely to be cleared or written off. Working part time? The pro rata salary calculator turns a full time salary into your real pay so you can test different patterns.
How Much Will You Repay on Plan 5 in 2026/27?
| Gross salary | Per month | Per year |
|---|---|---|
| £25,000 | £0.00 | £0.00 |
| £30,000 | £37.50 | £450.00 |
| £35,000 | £75.00 | £900.00 |
| £45,000 | £150.00 | £1,800.00 |
| £60,000 | £262.50 | £3,150.00 |
On Plan 5 in 2026/27, a £30,000 salary repays £37.50 a month, £35,000 repays £75.00 and £45,000 repays £150.00, while £25,000 repays nothing. Payroll works out deductions for each pay period, so a bonus month can raise one payment and you may be due a refund at the end of the tax year. Employers use the figures in the HMRC rates and thresholds for 2026 to 2027, which also list the weekly threshold of £480.76 for people paid each week.
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How we checked this tool: the Tools Veria Editorial Team built this tool by hand, checked it against the official rules or published standards where they apply, and tested it against worked examples. Results are estimates for planning, not personal financial or tax advice. Read our editorial policy and disclaimer, or report an error.
Frequently Asked Questions
What is the Plan 5 repayment threshold for 2026/27?
The Plan 5 threshold is £25,000 a year, which is £2,083.33 a month or £480.76 a week through payroll.
How much do I repay on Plan 5?
You repay 9% of your income above £25,000. On a £35,000 salary that is £900 a year, or £75 a month.
Who is on Plan 5?
Students from England who started an undergraduate course or a PGCE on or after 1 August 2023 are on Plan 5.
When is a Plan 5 loan written off?
Any balance left is written off 40 years after the April you were first due to repay.
Does my loan balance change my monthly repayment?
No. Repayments depend only on your income above the threshold. The balance and interest only affect how long you repay for.
Can I have Plan 5 and a Postgraduate Loan at the same time?
Yes. You repay 9% above £25,000 for Plan 5 and 6% above £21,000 for the Postgraduate Loan, both taken from the same pay.