From 6 April 2018 the repayment thresholds for student loans are changing. The repayment threshold is how much you can earn before you need to repay your student loan.
The repayment threshold for English or Welsh students who started their undergraduate course on or after 1 September 2012 will be £25,000 a year, £2,083 a month or £480 a week.
| Your yearly income before tax | How much you would repay per month on the old threshold | How much you'll repay now |
| £21,000 | £0 | £0 |
| £23,500 | £18 | £0 |
| £25,000 | £29 | £0 |
| £27,000 | £45 | £15 |
| £30,000 | £67 | £37 |
If your income is £25,000 or higher, the amount you’ll repay will be approximately £30 less per month using the new repayment threshold.
If you started your course before 1 September 2012, visit our website to find out about changes to your threshold.
What happens next
If you’re employed in the UK, your employer should automatically update your student loan deductions in line with the new repayment threshold.
If you’re self-employed, HMRC will calculate how much you owe for the year in line with the new repayment threshold.
What you need to do
If you're employed, double check your April payslip to make sure your new repayment amount is correct. If you think your repayment amount is wrong, speak to your employer to get this changed.
Once you've spoken to your employer they'll need to contact HMRC to discuss this.
If you're overseas
To take account of differences in living costs, repayment thresholds in an overseas country may not be the same as the UK. Visit our website to find out about changes to overseas thresholds.
