Student loan Plan 1 repayment threshold: every value since 2013
The yearly earnings above which employers deduct repayments for this type of student loan (9% of earnings above it; 6% for postgraduate loans). Plan 1 loans: students in England and Wales who started before 1 September 2012, and students in Northern Ireland. Before 2016 to 2017 HMRC listed a single threshold, which is the Plan 1 threshold.
HM Revenue and Customs gives 12 values for this rate, from £16,365 in 2013 to 2014 to £26,900 in 2026 to 2027. It went up in 11 of the 11 year-to-year steps and never went down. The largest rise from one value to the next was +13.5%, in 2024 to 2025 (from £22,015 to £24,990). Across the whole series the cash value changed by +64.4%. The value in 2025 to 2026 was +4.3% on the one before; ONS CPI inflation for calendar year 2025 was 3.4%. Ten years before the latest value, in 2016 to 2017, it was £17,495.
HMRC's rates and thresholds for employers pages for 2014 to 2015 and 2015 to 2016 are no longer published (GOV.UK redirects them), so those years are not shown.
Earnings threshold
| Tax year | Earnings threshold (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £26,900 | +3.2% | not yet published |
| 2025 to 2026 | £26,065 | +4.3% | 3.4% |
| 2024 to 2025 | £24,990 | +13.5% | 2.5% |
| 2023 to 2024 | £22,015 | +9.0% | 7.3% |
| 2022 to 2023 | £20,195 | +1.5% | 9.1% |
| 2021 to 2022 | £19,895 | +2.6% | 2.6% |
| 2020 to 2021 | £19,390 | +2.4% | 0.9% |
| 2019 to 2020 | £18,935 | +3.3% | 1.8% |
| 2018 to 2019 | £18,330 | +3.1% | 2.5% |
| 2017 to 2018 | £17,775 | +1.6% | 2.7% |
| 2016 to 2017 | £17,495 | +6.9% | 0.7% |
| 2013 to 2014 | £16,365 | 2.6% |
CPI: ONS series D7G7, for the calendar year the period starts in. About these tables · CSV
Related pages
- Student loan Plan 2 repayment threshold
- Student loan Plan 4 repayment threshold
- Student loan Plan 5 repayment threshold
- Inflation calculator
Sources and receipts
- HMRC Rates and thresholds for employers, HM Revenue and Customs: 12 yearly documents from 2013 to 2026, each linked from its row in the table. Read 2026-10-15. File addresses and SHA-256: receipts for each document.
- Consumer price inflation time series (MM23), Office for National Statistics.
File: mm23.csv. Read 2026-10-15. SHA-256
1b78749ea634755b83064d88f4fc6f7dd177e0c41d8b573c9d8172b8d3fff641