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Tax Tables

National Minimum Wage

 

2026/27

2025/26

2024/25

Apprentice (For apprentices aged 16-18 or aged 19+ in their first year) £8.00 £7.55 £6.40
Under 18 £8.00 £7.55 £6.40
18 to 20 £10.85 £10.00 £8.60
21 + £12.71 £12.21 £11.44

 

Student Loans

Student loan repayment thresholds

2026/27

2025/26

2024/25

Student loan plan 1 £26,900 £26,065 £24,990
Student loan plan 2 £29,385 £28,470 £27,295
Postgraduate loan plan 3 £21,000 £21,000 £21,000
Student loan plan 4 £33,795 £32,745 £31,395
Student loan plan 5 £25,000 £25,000 £25,000
       

Student loan rates

2026/27

2025/26

2024/25

Student loan plan 1 9% 9% 9%
Student loan plan 2 9% 9% 9%
Postgraduate loan plan 3 6% 6% 6%
Student loan plan 4 9% 9% 9%
Student loan plan 5 9% 9% 9%
© 2026
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