Student loan Plan 4 repayment threshold: every value since 2021
The yearly earnings above which employers deduct repayments for this type of student loan (9% of earnings above it; 6% for postgraduate loans). Plan 4 loans: students from Scotland.
£33,795 a year
£25,000
HM Revenue and Customs gives 6 values for this rate, from £25,000 in 2021 to 2022 to £33,795 in 2026 to 2027. It went up in 5 of the 5 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 £27,660 to £31,395). Across the whole series the cash value changed by +35.2%. The value in 2025 to 2026 was +4.3% on the one before; ONS CPI inflation for calendar year 2025 was 3.4%.
Earnings threshold
| Tax year | Earnings threshold (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £33,795 | +3.2% | not yet published |
| 2025 to 2026 | £32,745 | +4.3% | 3.4% |
| 2024 to 2025 | £31,395 | +13.5% | 2.5% |
| 2023 to 2024 | £27,660 | +9.0% | 7.3% |
| 2022 to 2023 | £25,375 | +1.5% | 9.1% |
| 2021 to 2022 | £25,000 | 2.6% |
CPI: ONS series D7G7, for the calendar year the period starts in. About these tables · CSV
Related pages
- Student loan Plan 1 repayment threshold
- Student loan Plan 2 repayment threshold
- Student loan Plan 5 repayment threshold
- Inflation calculator
Sources and receipts
- HMRC Rates and thresholds for employers, HM Revenue and Customs: 6 yearly documents from 2021 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