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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%

“They go that one step further than other firms we have worked with and really take time out to understand our business goals as well as the complex industry we work in.“”IL Beeks (High Wycombe) Limited