STUDENT LOAN PLAN 2 · 2026/27
£30,000 salary after tax with Plan 2
This page shows how Plan 2 student-loan repayments change take-home pay on a £30,000 salary. It is useful when you already know the gross salary and want the payroll effect from the loan plan.
Where the money goes
- Gross salary
- £30,000
- Income Tax
- £3,486
- National Insurance
- £1,394
- Student loan repayment
- £55
- Estimated take-home
- £25,064
What this calculator does
It calculates take-home pay for a salary while applying Student Loan Plan 2 repayment rules. That makes the loan deduction visible instead of hiding it inside a generic salary estimate.
Worked example
On a £30,000 salary with Plan 2, the take-home figure is £25,064 a year. The same salary with no student loan would be £25,120 a year, a difference of £55.
That difference is often what people actually want to know when they compare graduate offers, bonus structures or promotion moves.
Why this result may differ
Student-loan deductions are calculated through payroll periods, so monthly and weekly results can differ from a simple annual split. Pension sacrifice, bonus pay and extra income can also change the result.
QUICK ANSWER
What is this calculator?
Student Loan Calculator turns the inputs on this page into a transparent planning estimate for the selected jurisdiction.
How is it calculated?
It uses the displayed inputs, the GB-2026.27.1 ruleset and the assumptions shown beside the result. Different eligibility, timing or household details can change the outcome.
Example
Use the result as an illustrative scenario, then change one input at a time to compare the next decision. It is not an offer or personalised financial advice.
Official source
The source panel below links to the official guidance used for this tool.
SOURCES & REVIEW
Checked against official guidance
Last reviewed 2 August 2026 · Rule version GB-2026.27.1
Daily/weekly source monitoring. If a source changes, the affected rule set is reviewed before publication.
SOURCE LINKS
Every calculation keeps the official references visible so the numbers can be checked quickly.
WHY RESULTS DIFFER
Why two users can see different results
Why the result can differ
Different tax codes, payroll periods, Scottish bands, pension methods or lender assumptions can change the outcome.
One-off bonuses, pay frequency, overpayments, allowances and reliefs can move the result away from a simple annual estimate.
Where a rule depends on eligibility or legal status, this page shows an estimate and links to official guidance.
The explanation stays close to the result so users can compare the assumptions immediately instead of hunting through a separate policy page.
COMMON QUESTIONS
Frequently asked questions
What is Plan 2?
It is one of the main undergraduate student-loan repayment plans used in England and Wales.
Does the repayment apply to all income?
No. The percentage normally applies only to earnings above the threshold.
Can this show a combined loan and pension effect?
Yes, but the result is still an estimate and should be checked against your payroll setup.