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Student loan repayment thresholds revised

Amended thresholds. New earnings thresholds apply for student loan repayments for paydays on or after 6 April 2023. HMRC has published details of the new thresholds which are:

  • Plan 1 loans: £22,015 (up from £20,195)

  • Plan 2 loans: £27,295 (unchanged)

  • Plan 4 loans: £27,660 (up from £25,375)

  • Plan 5 loans £25,000 (this is a new type of student loan from 6 April 2023)

  • postgraduate loan: £21,000 (unchanged).

For more information, contact us.

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