Where you pay tax
Student loans
Which plan am I on?
  • Plan 1: England or Wales before September 2012, and Northern Ireland
  • Plan 2: England from September 2012 to July 2023, and Wales from September 2012
  • Plan 4: Scotland
  • Plan 5: England from August 2023
  • Postgraduate Loan: master's or doctoral loans in England or Wales

Your student loan account says which.

It's on your payslip or P60. Leave it blank for the standard 1257L.

£2,393.30 a monthSee the working

TAKE-HOME PAY A MONTH

£2,393.30

£28,719.60 a year, £552.30 a week. 2026/27 rates.

ItemYearMonthWeek
Pay£35,000£2,916.67£673.08
Income tax−£4,486−£373.83−£86.27
National Insurance−£1,794.40−£149.53−£34.51
Take-home£28,719.60£2,393.30£552.30

Of your next £100 of pay, you'd keep £72.

THE WORKING, FOR THE YEAR

  1. Pay: £35,000 a year
  2. The Personal Allowance gives £12,570 tax-free
  3. Taxable pay: £35,000 − £12,570 = £22,430
  4. Basic rate: 20% of £22,430 = £4,486
  5. National Insurance: 8% of £22,430, your pay between £12,570 and £50,270 = £1,794.40
  6. Take-home: £35,000 − £4,486 tax − £1,794.40 National Insurance = £28,719.60

A payslip works each payday on its own, so yours can be a few pounds a year different.

Take-home pay calculator by Vouchernaut