£23,000 Graduate Salary After Tax 2025-26
Take-home pay with and without Plan 2 student loan repayments.
You earn below the repayment threshold — £0 student loan repayment
Plan 2 repayments only begin on earnings above £27,295. At £23,000, no student loan is deducted.
£23,000 — without vs with Plan 2 student loan
| Item | Without student loan | With Plan 2 |
|---|---|---|
| Gross salary | £23,000 | £23,000 |
| Income Tax | −£2,086 | −£2,086 |
| National Insurance | −£834 | −£834 |
| Student Loan (Plan 2) | — | −£0 |
| Annual take-home | £20,080 | £20,080 |
| Monthly take-home | £1,673 | £1,673 |
Plan 2 student loan breakdown
Frequently asked questions
When do I start repaying my student loan on £23,000?
You earn below the £27,295 Plan 2 repayment threshold, so no repayments are taken. Repayments only begin once your salary exceeds £27,295.
How much student loan do I repay per month on £23,000?
Nothing — you earn below the £27,295 Plan 2 threshold. Your monthly repayment is £0.
Does student loan affect my take-home pay on £23,000?
No — your salary is below the £27,295 threshold, so no student loan is deducted. Your take-home is £20,080/year.
What happens if I earn below the repayment threshold?
If your income is at or below £27,295 (Plan 2 threshold for 2025-26), no student loan repayments are deducted — even if you have an outstanding loan balance. Repayments automatically start and stop based on your earnings each pay period.