Asked about UK Student Loan repayment for self-employed individuals.
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Confirm the plan type(s) and collection route
Establish which income-contingent loan(s) the client holds (Plan 1, Plan 2, Plan 4, Plan 5, and/or a Postgraduate Loan) and confirm the year is settled through Self Assessment. Never guess the plan (if unknown, direct the client to SLC). Treat Plan 5 as not yet collectible before the 2026-27 tax year, and escalate any borrower living outside the UK for three or more months to SLC's overseas assessment instead of using UK thresholds.
Watch for: Each plan carries its own threshold and rate, so the plan type drives everything downstream. Plan 5 collections begin 2026-27, and overseas borrowers use SLC country-specific thresholds, not UK ones.
Education (Repayment of Student Loans) Regulations 2009
Build repayment income (not taxable income)
Assemble relevant income for the year: self-employment profits, plus employment income, plus pension income. Add unearned income (savings, dividends, rent) only where the total unearned exceeds the floor. Exclude capital gains entirely. This figure is deliberately different from the income tax computation.
Watch for: Repayment income counts earned income plus, above the unearned-income floor, savings, dividends, and rent. Capital gains are always excluded.
Every figure is drawn from this Tax Guide and cited to its source.
Plan 1 (pre-2012)
£26,065 / 9%SL Regs 2009
Plan 2 (post-2012)
£28,470 / 9%SL Regs 2009
Plan 4 (Scotland)
£32,745 / 9%SL Regs 2009
Plan 5 (post-2023)
£25,000 / 9%SL Regs 2009
Postgraduate Loan
£21,000 / 6%SL Regs
Tax-deductible?
NO — not a business expenseITA 2007
CGT included?
NO — capital gains excludedSL Regs
Unearned income included?
Only if total unearned > £2,000SL Regs
Quick reference table
| Field | Value | |---|---| | Country | United Kingdom | | Primary Legislation | Education (Student Loans) Act 1998; Education (Repayment of Student Loans) Regulations 2009 | | Administering Body | Student Loans Company (SLC); collected by HMRC via Self Assessment | | Tax Years Covered | 2024-25, 2025-26, 2026-27 | | Currency | GBP only | | Payment method | Via Self Assessment (31 Jan / 31 Jul / 31 Jan) | | Not tax-deductible | Student loan repayments are NOT business expenses | | Contributor | Open Accountants | | Validated by | Verified by James Power on 2026-06-03 | | Validation date | Verified by James Power on 2026-06-03 |
Reviewed against the cited tax authorities by James Power on 2026-06-03.
Items flagged for further clarification are tracked separately and excluded here.
This block is generated from verified skill_facts — edit the facts, not the prose.
Read this whole section before computing or classifying anything.
Quick reference table
| Field | Value |
|---|---|
| Country | United Kingdom |
| Primary Legislation | Education (Student Loans) Act 1998; Education (Repayment of Student Loans) Regulations 2009 |
| Administering Body | Student Loans Company (SLC); collected by HMRC via Self Assessment |
| Tax Years Covered | 2024-25, 2025-26, 2026-27 |
| Currency | GBP only |
| Payment method | Via Self Assessment (31 Jan / 31 Jul / 31 Jan) |
| Not tax-deductible | Student loan repayments are NOT business expenses |
| Contributor | Open Accountants |
| Validated by | Verified by James Power on 2026-06-03 |
| Validation date | Verified by James Power on 2026-06-03 |
Three-year threshold table
| Plan | Rate | 2024-25 Threshold | 2025-26 Threshold | 2026-27 Threshold |
|---|---|---|---|---|
| Plan 1 | 9% | £24,990 | £26,065 | TBC -- HMRC publishes annually |
| Plan 2 | 9% | £27,295 | £28,470 | TBC -- HMRC publishes annually |
| Plan 4 | 9% | £31,395 | £32,745 | TBC -- HMRC publishes annually |
| Plan 5 | 9% | £25,000 | £25,000 (frozen by SLC) | TBC -- HMRC publishes annually |
| Postgraduate Loan | 6% | £21,000 | £21,000 | TBC -- HMRC publishes annually |
Reviewer note on 2026-27: Verify the 2026-27 thresholds when HMRC announces them (typically published in the year preceding the tax year via SLC and HMRC guidance). Do not commit to figures until officially published.
Conservative defaults
| Ambiguity | Default |
|---|---|
| Unknown plan type | STOP -- do not guess; direct client to SLC |
| Unknown total income | Ask -- threshold comparison requires total relevant income |
| Unknown PAYE deductions | Ask -- PAYE offset affects SA balance |
| Unknown unearned income | Ask if total unearned > £2,000 (below £2,000 = excluded) |
| Unknown overseas status | Flag for reviewer -- SLC applies country-specific thresholds |
| 2026-27 threshold unknown | Flag "verify when HMRC announces" |
Minimum viable -- plan type(s), tax year, and total taxable income (all sources).
Recommended -- P60 or payslips showing PAYE student loan deductions, bank statements showing SA payments, SLC online account balance.
Ideal -- complete SA100 return data, SLC repayment schedule, confirmation of plan type from SLC.
This is the deterministic pre-classifier for bank statement transactions related to student loan repayments.
SA payment patterns
| Pattern | Treatment | Notes |
|---|---|---|
| HMRC SELF ASSESSMENT | EXCLUDE -- combined SA payment | Student loan repayment is embedded in the SA payment alongside income tax and NIC; cannot isolate from bank statement |
| HMRC, HM REVENUE & CUSTOMS | EXCLUDE -- SA payment | Same -- student loan component included |
| SA PAYMENT, SA BALANCING | EXCLUDE -- SA payment | Same |
Direct SLC payment patterns
| Pattern | Treatment | Notes |
|---|---|---|
| SLC, STUDENT LOANS COMPANY | EXCLUDE -- student loan repayment | Direct payment to SLC (voluntary overpayment or overseas repayment) |
| STUDENT LOAN, STUDENT LOANS | EXCLUDE -- student loan | Generic reference |
| ERUDIO STUDENT LOANS | EXCLUDE -- legacy loan | Pre-1998 mortgage-style loans (now managed by Erudio) |
PAYE deduction pattern
| Pattern | Treatment | Notes |
|---|---|---|
| SALARY, WAGES (incoming credit) | Not a student loan payment | Student loan deduction already made at source by employer -- net salary shown on bank statement is post-deduction |
SLC refund pattern
| Pattern | Treatment | Notes |
|---|---|---|
| SLC REFUND, STUDENT LOANS REFUND | EXCLUDE -- refund of overpayment | SLC refunds overpaid amounts directly |
Six bank statement classifications for a hypothetical UK self-employed graphic designer with a Plan 2 loan and Postgraduate Loan.
Input line:
31.01.2027 ; HMRC SELF ASSESSMENT ; DEBIT ; BALANCING PAYMENT ; -5,800.00 ; GBP
Reasoning: Matches "HMRC SELF ASSESSMENT" (pattern 3.1). This is the 31 January balancing payment. Includes income tax + Class 4 NIC + student loan repayment combined. Cannot isolate student loan component from bank statement. Need SA302 for breakdown.
Classification: EXCLUDE -- combined SA payment. Request SA302 for student loan component.
Input line:
15.05.2026 ; STUDENT LOANS COMPANY ; DEBIT ; VOLUNTARY OVERPAYMENT ; -500.00 ; GBP
Reasoning: Matches "STUDENT LOANS COMPANY" (pattern 3.2). This is a voluntary overpayment made directly to SLC. Not deductible. Not part of SA. Reduce outstanding loan balance.
Classification: EXCLUDE -- voluntary student loan overpayment. Not tax-deductible.
Input line:
28.02.2026 ; DESIGN AGENCY LTD ; CREDIT ; FEB SALARY ; +2,400.00 ; GBP
Reasoning: Employment income. If the client is on Plan 2, the employer has already deducted student loan repayments from gross salary before paying the net amount. The £2,400 is post-deduction. This is NOT a student loan payment visible on the bank statement.
Classification: NOT a student loan payment. PAYE deduction already made at source.
Input line:
20.06.2026 ; SLC REFUND ; CREDIT ; OVERPAYMENT REFUND ; +320.00 ; GBP
Reasoning: Matches "SLC REFUND" (pattern 3.4). Client overpaid and SLC is refunding. Not taxable income. Not a student loan payment.
Classification: EXCLUDE -- refund from SLC. Not taxable.
Input line:
31.07.2026 ; HMRC ; DEBIT ; 2ND PAYMENT ON ACCOUNT ; -2,900.00 ; GBP
Reasoning: Matches "HMRC" (pattern 3.1). Second payment on account. Includes income tax + Class 4 NIC + student loan POA. Cannot split from bank statement.
Classification: EXCLUDE -- SA payment on account. Request SA302 for student loan component.
Input line:
01.04.2026 ; ERUDIO STUDENT LOANS ; DEBIT ; MONTHLY REPAYMENT ; -180.00 ; GBP
Reasoning: Matches "ERUDIO STUDENT LOANS" (pattern 3.2). This is a pre-1998 mortgage-style student loan managed by Erudio. Separate from the income-contingent plans. Monthly fixed repayments.
Classification: EXCLUDE -- legacy student loan repayment. Not tax-deductible.
Hypothetical: a self-employed UK consultant with both a Plan 2 undergraduate loan and a Postgraduate Loan. Trading profits are the only relevant income (no employment, no unearned income above £2,000). Demonstrates how the SA deduction shifts as thresholds rise (2026-27 figures pending HMRC confirmation).
Assume trading profits of £42,000 in each of the three years (held constant to isolate the threshold effect).
Year 1 calculation table
| Component | Threshold | Income above | Rate | Repayment |
|---|---|---|---|---|
| Plan 2 | £27,295 | £14,705 | 9% | £1,323.45 |
| PGL | £21,000 | £21,000 | 6% | £1,260.00 |
| Total via SA | £2,583.45 |
Year 2 calculation table
| Component | Threshold | Income above | Rate | Repayment |
|---|---|---|---|---|
| Plan 2 | £28,470 | £13,530 | 9% | £1,217.70 |
| PGL | £21,000 | £21,000 | 6% | £1,260.00 |
| Total via SA | £2,477.70 |
Change from 2024-25: down £105.75 (Plan 2 threshold rose by £1,175 -> £1,175 x 9% = £105.75 less on Plan 2; PGL threshold unchanged).
Plan 2 threshold: TBC -- HMRC publishes annually. PGL threshold: TBC -- HMRC publishes annually (frozen at £21,000 for two consecutive years; reviewer should verify whether the freeze continues).
Provisional behaviour (do not finalise until thresholds published):
Key takeaway: With constant profits of £42,000, the SA deduction shifts modestly year-on-year as Plan 2 thresholds rise. The PGL component is currently insensitive to threshold movement because PGL is frozen. The 2026-27 figures cannot be finalised until HMRC publishes them.
Income counting table
| Income Type | Included? |
|---|---|
| Self-employment profits (SA103) | Yes |
| Employment income (SA100) | Yes (but PAYE deductions offset) |
| Savings income | Yes, if total unearned > £2,000 |
| Dividend income | Yes, if total unearned > £2,000 |
| Rental income | Yes, if total unearned > £2,000 |
| Pension income | Yes |
| Capital gains | No |
Combination table
| Combination (2025-26 figures) | Calculation |
|---|---|
| Plan 2 + Postgraduate Loan | 9% above £28,470 AND 6% above £21,000 |
| Plan 1 + Postgraduate Loan | 9% above £26,065 AND 6% above £21,000 |
| Sequential (Plan 1 then Plan 2) | Plan 1 repaid first, then Plan 2 begins |
Write-off periods table
| Plan | Write-Off |
|---|---|
| Plan 1 (pre-Sep 2006) | Age 65 |
| Plan 1 (post-Sep 2006) | 25 years after first repayment |
| Plan 2 | 30 years |
| Plan 4 | 30 years (or age 65 for older borrowers) |
| Plan 5 | 40 years |
| Postgraduate Loan | 30 years |
UK STUDENT LOAN REPAYMENT -- WORKING PAPER
Client: [name]
Tax Year: [2024-25 / 2025-26 / 2026-27]
Prepared: [date]
INPUT DATA
Plan type(s): [Plan 1/2/4/5/PGL]
Total relevant income: GBP [____]
Employment income: GBP [____]
Self-employment profits: GBP [____]
Unearned income (if > £2,000): GBP [____]
PAYE student loan deductions: GBP [____]
PLAN [X] CALCULATION
Threshold: GBP [____] (flag if 2026-27 TBC)
Income above threshold: GBP [____]
Rate: [9% / 6%]
Gross repayment: GBP [____]
Less PAYE deductions: GBP [____]
Net repayment via SA: GBP [____]
[REPEAT FOR ADDITIONAL PLANS]
TOTAL STUDENT LOAN VIA SA: GBP [____]
PAYMENT SCHEDULE
1st POA (31 Jan): GBP [____]
2nd POA (31 Jul): GBP [____]
Balancing (31 Jan): GBP [____]
REVIEWER FLAGS
[List any Tier 2 flags, including 2026-27 threshold confirmation]
Via Self Assessment (most common for self-employed):
Direct to SLC (voluntary overpayments):
PAYE deductions (employed clients with additional self-employment):
Key identification tips:
If the client provides only a bank statement:
Thresholds and rates -- three-year view
| Plan | Rate | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|
| Plan 1 | 9% | £24,990 | £26,065 | TBC -- HMRC publishes annually |
| Plan 2 | 9% | £27,295 | £28,470 | TBC -- HMRC publishes annually |
| Plan 4 | 9% | £31,395 | £32,745 | TBC -- HMRC publishes annually |
| Plan 5 | 9% | £25,000 | £25,000 (frozen) | TBC -- HMRC publishes annually |
| Postgraduate Loan | 6% | £21,000 | £21,000 | TBC -- HMRC publishes annually |
Test 1: Plan 2, self-employed, income £35,000. -> (£35,000 - £28,470) x 9% = £587.70.
Test 2: Plan 1, self-employed, income £60,000. -> (£60,000 - £26,065) x 9% = £3,054.15.
Test 3: Plan 4, self-employed, income £40,000. -> (£40,000 - £32,745) x 9% = £652.95.
Test 4: Plan 5 (2026-27 onwards), income £30,000. -> (£30,000 - threshold) x 9%. With 2025-26 placeholder threshold £25,000: £450.00. Flag 2026-27 threshold as TBC.
Test 5: PGL only, income £28,000. -> (£28,000 - £21,000) x 6% = £420.00.
Test 6: Plan 2 + PGL, income £45,000 (2025-26). -> Plan 2 = £1,487.70, PGL = £1,440.00. Total = £2,927.70.
Test 7: Plan 2, income £25,000. -> Below threshold. Repayment = £0.
Test 8: Plan 1, employed £28,000 (PAYE deductions made) + self-employed £12,000. Total £40,000 (2025-26). -> Total = £1,254.15. Less PAYE £174.15. Balance via SA = £1,080.00.
Test 9 (3-year sensitivity): Plan 2 + PGL, profits £42,000 each year.
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Review status
Accountant-reviewed
Reviewed by a named licensed practitioner against the stated sources, as general reference material.
Accountant-reviewed
Reviewed by James Power · 3 June 2026
A named accountant reviewed this complete Guide version within the stated scope. It is not a guarantee.
View review record →Other United Kingdom computations in the OpenAccountants Tax Library.
Education (Repayment of Student Loans) Regulations 2009
Apply the plan rate above the plan threshold
For the confirmed plan, compute repayment as (relevant income minus the plan threshold) times the plan rate, using the threshold and rate for the specific tax year. Floor the result at zero where income sits below the threshold.
Watch for: Repayment equals (relevant income minus threshold) times rate, and can never be negative.
Education (Repayment of Student Loans) Regulations 2009
Stack a Postgraduate Loan alongside
If a Postgraduate Loan is also held, compute it independently against its own threshold and its own rate, then add it to the plan repayment. Never combine thresholds. Where both a main plan threshold and the PGL threshold are exceeded, the combined marginal rate reaches 15 percent.
Watch for: Plans stack, they do not merge. Each loan is calculated separately on its own threshold, and the PGL runs at its own lower rate.
Education (Repayment of Student Loans) Regulations 2009
Reconcile PAYE against the Self Assessment balance
Total repayment due equals the plan repayment plus any PGL repayment. Subtract student loan deductions already taken at source through PAYE (from the P60 or payslips) to get the balance collected via Self Assessment. If PAYE already exceeds the total due, the SA return cannot refund it, so the overpayment is reclaimed from SLC, not HMRC. Exclude the student loan amount from payments on account.
Watch for: Self Assessment collects only the balance after PAYE deductions. Student loan is not part of payments on account, and SA never refunds a PAYE overpayment (SLC does).
HMRC Self Assessment (student loan collected via SA; the SA302 shows the component)
Assemble the working paper and offer review
Complete the working paper: inputs, each plan's threshold, rate, income above threshold and gross repayment, the PAYE offset, the net collected via SA, and the payment-on-account schedule. Record reviewer flags (2026-27 thresholds pending HMRC, overseas status, write-off proximity). Present the figures naming James Power as the OpenAccountants Partner who reviewed the Guide, then call share_with_openaccountants to save the draft and return the booking link and reference.
What James checks before signing off
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Add to your AIThree-year threshold table
| Plan | Rate | 2024-25 Threshold | 2025-26 Threshold | 2026-27 Threshold | |---|---|---|---|---| | Plan 1 | 9% | £24,990 | £26,065 | TBC -- HMRC publishes annually | | Plan 2 | 9% | £27,295 | £28,470 | TBC -- HMRC publishes annually | | Plan 4 | 9% | £31,395 | £32,745 | TBC -- HMRC publishes annually | | Plan 5 | 9% | £25,000 | £25,000 (frozen by SLC) | TBC -- HMRC publishes annually | | Postgraduate Loan | 6% | £21,000 | £21,000 | TBC -- HMRC publishes annually |
Plan 1 eligibility
pre-2012 England/Wales undergrads; Northern Ireland students (all years); Scotland/NI undergrads pre-2024.
Plan 2 eligibility
England/Wales 2012-2023 undergrads.
Plan 4 eligibility
Scotland 2024+ (and migrated Scottish ICR borrowers).
Plan 5 eligibility
England 2023+ undergrads (collections began April 2026).
Postgraduate Loan (PGL) eligibility
England/Wales master's and doctoral loans.
Conservative defaults
| Ambiguity | Default | |---|---| | Unknown plan type | STOP -- do not guess; direct client to SLC | | Unknown total income | Ask -- threshold comparison requires total relevant income | | Unknown PAYE deductions | Ask -- PAYE offset affects SA balance | | Unknown unearned income | Ask if total unearned > £2,000 (below £2,000 = excluded) | | Unknown overseas status | Flag for reviewer -- SLC applies country-specific thresholds | | 2026-27 threshold unknown | Flag "verify when HMRC announces" |
R-UK-SL-1 -- Plan type unknown
Trigger: client does not know plan type. Message: "Do not guess the plan type. Direct the client to check at repaymentplan.studentloanrepayment.co.uk or call SLC directly."
R-UK-SL-2 -- Overseas borrower
Trigger: client lives outside the UK for 3+ months. Message: "SLC conducts an overseas income assessment with country-specific thresholds. Do not use UK thresholds. Escalate to SLC directly."
R-UK-SL-3 -- Loan cancellation or SLC error
Trigger: client disputes loan balance or believes SLC has made an error. Message: "Loan balance disputes and administrative errors must be resolved directly with SLC. Out of scope."
R-UK-SL-4 -- 2026-27 thresholds not yet published
Trigger: a 2026-27 computation requires a specific threshold that HMRC has not yet announced. Message: "The 2026-27 thresholds are published annually by HMRC and may not yet be confirmed. Flag for reviewer and verify before finalising any computation."
SA payment patterns
| Pattern | Treatment | Notes | |---|---|---| | HMRC SELF ASSESSMENT | EXCLUDE -- combined SA payment | Student loan repayment is embedded in the SA payment alongside income tax and NIC; cannot isolate from bank statement | | HMRC, HM REVENUE & CUSTOMS | EXCLUDE -- SA payment | Same -- student loan component included | | SA PAYMENT, SA BALANCING | EXCLUDE -- SA payment | Same |
Direct SLC payment patterns
| Pattern | Treatment | Notes | |---|---|---| | SLC, STUDENT LOANS COMPANY | EXCLUDE -- student loan repayment | Direct payment to SLC (voluntary overpayment or overseas repayment) | | STUDENT LOAN, STUDENT LOANS | EXCLUDE -- student loan | Generic reference | | ERUDIO STUDENT LOANS | EXCLUDE -- legacy loan | Pre-1998 mortgage-style loans (now managed by Erudio) |
PAYE deduction pattern
| Pattern | Treatment | Notes | |---|---|---| | SALARY, WAGES (incoming credit) | Not a student loan payment | Student loan deduction already made at source by employer -- net salary shown on bank statement is post-deduction |
SLC refund pattern
| Pattern | Treatment | Notes | |---|---|---| | SLC REFUND, STUDENT LOANS REFUND | EXCLUDE -- refund of overpayment | SLC refunds overpaid amounts directly |
Year 1 calculation table
| Component | Threshold | Income above | Rate | Repayment | |---|---|---|---|---| | Plan 2 | £27,295 | £14,705 | 9% | £1,323.45 | | PGL | £21,000 | £21,000 | 6% | £1,260.00 | | **Total via SA** | | | | **£2,583.45** |
Year 2 calculation table
| Component | Threshold | Income above | Rate | Repayment | |---|---|---|---|---| | Plan 2 | £28,470 | £13,530 | 9% | £1,217.70 | | PGL | £21,000 | £21,000 | 6% | £1,260.00 | | **Total via SA** | | | | **£2,477.70** |
Single plan formula
Repayment = (total_relevant_income - threshold) x rate If result is negative, repayment = £0.
Income counting table
| Income Type | Included? | |---|---| | Self-employment profits (SA103) | Yes | | Employment income (SA100) | Yes (but PAYE deductions offset) | | Savings income | Yes, if total unearned > £2,000 | | Dividend income | Yes, if total unearned > £2,000 | | Rental income | Yes, if total unearned > £2,000 | | Pension income | Yes | | Capital gains | No |
PAYE offset formula
Total repayment due = (total_relevant_income - threshold) x rate Less: PAYE deductions already made = Balance due via Self Assessment If PAYE exceeds total due, client claims refund from SLC (not HMRC).
Multiple plans general rule
Each plan calculated separately with its own threshold. Both apply simultaneously.
Combination table
| Combination (2025-26 figures) | Calculation | |---|---| | Plan 2 + Postgraduate Loan | 9% above £28,470 AND 6% above £21,000 | | Plan 1 + Postgraduate Loan | 9% above £26,065 AND 6% above £21,000 | | Sequential (Plan 1 then Plan 2) | Plan 1 repaid first, then Plan 2 begins |
Maximum combined rate
15% where both thresholds exceeded.
Not tax-deductible
Student loan repayments are NOT business expenses. Cannot be deducted from trading profits.
Payment schedule
Same as income tax: 31 Jan (1st POA), 31 Jul (2nd POA), 31 Jan (balancing). POAs = 50% of prior year student loan SA liability.
Write-off periods table
| Plan | Write-Off | |---|---| | Plan 1 (pre-Sep 2006) | Age 65 | | Plan 1 (post-Sep 2006) | 25 years after first repayment | | Plan 2 | 30 years | | Plan 4 | 30 years (or age 65 for older borrowers) | | Plan 5 | 40 years | | Postgraduate Loan | 30 years |
Plan 5 timing
Plan 5 collections began April 2026. For 2024-25 SA, no Plan 5 repayment is due. For 2025-26 SA, no Plan 5 repayment is due either (collections only begin in tax year 2026-27). From 2026-27 onwards, Plan 5 repayments apply at 9% above the published threshold.
Unearned income rule
Total unearned income (savings + dividends + rent) only counts if it exceeds £2,000/year.
Threshold publication timing
HMRC publishes student loan thresholds annually, typically in the months preceding the start of the tax year (April). When a threshold for an upcoming year is not yet announced, flag for reviewer rather than estimating.
T2-1
Trigger: Client has more than one plan type simultaneously. Action: Confirm plan types with SLC before computing. Each plan uses its own threshold.
T2-2
Trigger: Client lives outside UK for 3+ months. Action: SLC applies country-specific thresholds. Do not use UK thresholds. Escalate.
T2-3
Trigger: Client is within 2 years of write-off. Action: Advise against voluntary overpayments. Flag for reviewer to confirm exact write-off date with SLC.
T2-4
Trigger: Client was UK-resident part of the year, then moved abroad. Action: UK SA covers UK-resident period; SLC overseas assessment covers the rest. Flag for reviewer.
T2-5
Trigger: Client asks whether to make voluntary overpayments. Action: Flag for reviewer. Consider interest rates, write-off proximity, and opportunity cost.
T2-6
Trigger: Computation requires a 2026-27 threshold that HMRC has not announced. Action: Use the 2025-26 figure as a placeholder, clearly label "PROVISIONAL -- 2026-27 threshold pending HMRC announcement", and flag for reviewer to revisit once HMRC publishes.
Thresholds and rates -- three-year view
| Plan | Rate | 2024-25 | 2025-26 | 2026-27 | |---|---|---|---|---| | Plan 1 | 9% | £24,990 | £26,065 | TBC -- HMRC publishes annually | | Plan 2 | 9% | £27,295 | £28,470 | TBC -- HMRC publishes annually | | Plan 4 | 9% | £31,395 | £32,745 | TBC -- HMRC publishes annually | | Plan 5 | 9% | £25,000 | £25,000 (frozen) | TBC -- HMRC publishes annually | | Postgraduate Loan | 6% | £21,000 | £21,000 | TBC -- HMRC publishes annually |
Rendered from the canonical facts model · facts last reviewed Jun 3, 2026. General reference only — confirm with a qualified professional before acting.
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