A combined salary and student loan repayment calculator. Enter your gross salary and select your student loan plan(s) to see a full breakdown of tax, NI, student loan deductions, and your final net pay.
Net Salary (Take-Home)
£3,168.53 / month
£38,022.40 / year
When you receive a salary in the UK, the amount you actually take home is your gross salary minus several key deductions. The main ones are Income Tax, National Insurance, and for many, Student Loan repayments. This Calculator Site tool is designed to demystify these deductions, showing you exactly where your money goes. You can find more detail with our dedicated Take-Home Pay Calculator.
Student loan repayments are calculated based on which plan you are on and how much you earn above a specific annual threshold. For most undergraduate loans (Plans 1, 2, 4, 5), you repay 9% of your income above the threshold, while for Postgraduate Loans it is 6%. These are deducted automatically from your pay through the PAYE system, just like tax.
Tip: Check Which Loan Plan You Have
Not sure which loan plan you are on? It is crucial for accurate calculations. You can usually find this information on documents from the Student Loans Company or by logging into your online account on the official government website. Knowing your plan ensures you get a precise breakdown of your take-home pay.
The UK tax and student loan system is defined by several key thresholds and rates. These figures, used in our calculations, determine how much of your gross salary you will pay in deductions. For a more detailed breakdown, see our main Salary Calculator.
£12,570
Standard Personal Allowance
£50,270
Higher Rate Tax Threshold
9%
Repayment Rate (Plans 1, 2, 4, 5)
How to use this Calculator Site tool
Simply enter your annual gross salary in the input field and then tick the checkboxes for any and all student loan plans that apply to you. The results will instantly update to show a full breakdown of your estimated monthly and annual take-home pay after all deductions. You can adjust the numbers and plans to see how your net pay changes. For official repayment details, visit GOV.UK student loan repayment guide.
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