PayBreakdown - Salary Calculator & Budget Manager

Student loan Plan 2 repayment calculator

Estimate how Student Loan Plan 2 repayments affect take-home pay with PAYE, NI, pension, and salary settings.

What this page helps with

Plan 2 is one of the most searched student-loan salary deductions. This page routes that exact intent into the salary calculator.

Official sources

Income Tax rates and Personal Allowances National Insurance rates and categories Student loan repayment thresholds Pension tax relief National Minimum Wage and National Living Wage rates Statutory Maternity Pay and Leave Statutory Sick Pay FCA guidance on misleading financial promotions Off-payroll working and IR35 guidance Understanding off-payroll working Salary sacrifice for employers NHS Employers pay scales 2026/27 NHS Health Careers Agenda for Change pay rates

Frequently asked questions

What does the student loan plan 2 repayment calculator do?

It routes a specific salary question into PayBreakdown's calculator so gross pay, take-home pay, tax, National Insurance, pension, student loan, region, and tax-code assumptions can be adjusted.

Can I change the assumptions?

Yes. Open the calculator from this page to change salary, hours, pension, student loan, tax year, region, tax code, bonus, and other pay settings.

Last updated 2026-05-07. Planning estimates only. Not financial advice.