21/01/2026
From 6th April 2026, HMRC are introducing ‘Plan 5’ student loans which will be relevant to employees who applied to Student Finance England for their loan and started courses from August 2023 onwards. The first repayments under plan 5 will be made from 6 April 2026, and employers will start to receive student loan start notices from March 2026.
The new thresholds for student loan deductions from 6th April 2026 are:
• Plan 1 — £26,900
• Plan 2 — £29,385
• Plan 4 — £33,795
• Plan 5 — £25,000
The thresholds for plans 1, 2 and 4 have all increased by 3.2% compared to 2025/26.
The postgraduate loan threshold remains at £21,000. This threshold has not changed since it was introduced in April 2016.
If you would like more information regarding the changes, please do not hesitate to contact us.