Your summary
You repay each month£37.50
Plan 5 takes 9% of your income above £25,000, so you repay £450 a year. Interest is 4.1% this year. On these assumptions you repay £33,931 before the rest, about £107,837, is written off after 40 more years.
Threshold £25,000Interest 4.1%Likely written off
THE COMPLETE PICTURE
Your results in detail
A month now£37.50
A year now£450
Total repaid£33,931
Written off£107,837
What we assumed
- Plan
- Plan 5: England, courses starting from August 2023
- This year
- 2026/27 threshold, interest from September 2026
- Future
- Pay up 3% and RPI 3% a year
- Not included
- Breaks in work, changes to the rules
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Your balance over time
Before any write-off.
BalanceRepaid so far
Year 40: balance £107,837, repaid £33,931
£27k£54k£81k£108k
Drag across the chart, or use the arrow keys, to read any year.
| Item | Salary | Repaid | Balance |
|---|---|---|---|
| Year 5 | £33,765 | £506 | £56,050 |
| Year 10 | £39,143 | £587 | £62,042 |
| Year 15 | £45,378 | £681 | £68,520 |
| Year 20 | £52,605 | £789 | £75,488 |
| Year 25 | £60,984 | £915 | £82,938 |
| Year 30 | £70,697 | £1,060 | £90,846 |
| Year 35 | £81,957 | £1,229 | £99,168 |
| Year 40 | £95,011 | £1,425 | £107,837 |
Monthly repayments by salary
Plan 5, 2026/27.
SalaryA month
£25,000£0.00
£35,000£75.00
£45,000£150.00
£60,000£262.50
£80,000£412.50
Worth knowing
Before you overpay.
It works like a tax
Repayments come out of your pay through PAYE and stop if your income falls below the threshold. The balance does not affect your credit score.
Projection only. Future pay, inflation and rules will differ.