2022/23 student loan plans and repayment thresholds

There was an increase to the thresholds for student loan repayments for the 2022/23 tax year. When an employee’s annual income is above the repayment threshold, they will have to repay their student loan. An employee’s repayment threshold will depend on when and where they went to university and from which country they received their loan.

The amount an employee can earn before they will need to start paying a percentage of their income towards their student loan will depend on which loan plan they fall under. Loan plans include plans 1, 2, 4 and postgraduate.

To work out which plan an employee should be on, please reference our charts below:

English Students

Welsh Students

Scottish Students

Northern Ireland Students

EU Students

Postgraduate Loan

For English or Welsh students, they are on a Postgraduate Loan repayment plan if they:

• Took out a Postgraduate Master’s Loan on or after 1st August 2016

Or

• Took out a Postgraduate Doctoral Loan on or after 1st August 2018.

For EU students, they are on a Postgraduate Loan repayment plan if they started a postgraduate course on or after 1st August 2016.

Student loan repayment threshold increases from April 2022

Figures from Gov.uk.

Related articles:

• The 22/23 tax year: Key dates for employers
• Real Living Wage Rates Increase
• Spring Statement: Payroll changes for April and July

Posted byElaine CarrollinHMRC