How to repay

Your repayments will be taken out of your salary at the same time as tax and National Insurance if you’re an employee. Your payslips will show how much has been deducted. You may need to tell your employer which plan you’re on.

You start repaying when your income is more than the minimum amount.

There’s no penalty if you make voluntary repayments to pay some or all of your loan off early.

If you’re self-employed

HM Revenue and Customs (HMRC) will work out how much you pay from your tax return. You pay at the same time as you pay your tax.

If you’re an employee and you do a tax return

If you earn over the minimum amount, your employer will deduct loan repayments from your salary.

Check your payslips or P60 to see how much of your loan you’ve paid off during the tax year. You’ll need to include this information when you fill in your tax return.

The tax year runs from 6 April to 5 April the following year.

If you go abroad for more than 3 months

If you leave the UK for more than 3 months you need to tell the Student Loans Company (SLC). They will work out if you have to repay while you’re abroad and how much.

The rules for repayment are the same as in the UK, apart from different repayment thresholds for each country.

If you’re abroad, your repayment amounts are based on:

You need to update your employment details if your income changes while you’re abroad.

Use your online account if you want to let SLC know that your contact details have changed (for example, your address).

You can make repayments in your online account, for example if you’re not earning.

Checking your repayments

You can check your repayments and balance in your:

If your contact details change, you must update them in your online account.