In more detail
- Written off after: 25 years for Plan 1, 30 years for Plan 2, Plan 4 and Postgraduate Loans, 40 years for Plan 5.
- Repayments: 9% of your pay over £29,385 for Plan 2, which is frozen until April 2030.
- Interest: Plan 2 is capped at 6% until August 2027.
Related questions
- Will my pension be taxed when I die?
- How much can I put in a cash ISA?
- How much tax do I pay on savings interest?
- Do landlords need Making Tax Digital?
See everything that’s changing in April 2027.
Sources
Last checked against GOV.UK: 9 October 2026