WagePlan 4 Student Loan Repayment 2026-27 (Scotland)
Plan 4 is the student loan repayment plan for Scottish students whose loans were funded through the Student Awards Agency Scotland (SAAS). If you are on Plan 4 you repay 9% of everything you earn above the £33,795 threshold, collected automatically through PAYE. Plan 4 uses a higher threshold than the England and Wales plans, and the table on this page shows the repayment at different salaries.
| Plan | Who | Rate | 2026-27 | 2025-26 |
|---|---|---|---|---|
| Plan 1 | Pre-2012 England/Wales; Northern Ireland | 9% | £26,900 | £26,065 |
| Plan 2 | 2012-2023 England/Wales | 9% | £29,385 | £28,470 |
| Plan 4 | Scotland (SAAS) | 9% | £33,795 | £32,745 |
| Plan 5 | England, courses from Aug 2023 | 9% | £25,000 | £25,000 |
| Postgraduate | Master's / doctoral | 6% | £21,000 | £21,000 |
Student loan repayment calculator
You repay a percentage of income over the plan threshold, collected through PAYE. The balance owed never changes the deduction. A postgraduate loan is charged additionally on top of any undergraduate plan. Estimates, not advice.
Who is on Plan 4
Plan 4 applies to students from Scotland whose undergraduate loans were provided through SAAS. It replaced the earlier Scottish arrangements, so most Scottish graduates repaying today are on Plan 4 rather than Plan 1.
Only one undergraduate plan applies at a time. A Postgraduate Loan can still run alongside Plan 4, with its own deduction added on top.
How much you repay
The Plan 4 threshold is £33,795, which is higher than the Plan 1 and Plan 2 thresholds. You repay 9% of income above £33,795 and nothing below it, so Scottish borrowers start repaying at a higher salary than those on the England and Wales plans.
As with the other plans, the deduction is handled through PAYE alongside tax and National Insurance. The table on this page shows the yearly and monthly repayment across a range of salaries, all measured against the £33,795 threshold.
Frequently asked questions
Why is the Plan 4 threshold higher?
Plan 4 is set independently for Scottish borrowers and carries a higher starting point of £33,795, so you repay 9% only on income above that level.
I studied in Scotland - am I definitely on Plan 4?
Plan 4 covers Scottish students funded through SAAS. If your loan predates that arrangement you may instead be on Plan 1, so it is worth checking which threshold applies to you.
General information, not advice. Estimates assume the standard 1257L tax code and typical circumstances; your payslip may differ by a pound or two because HMRC payroll software truncates at each step. Verify with HMRC or an accountant for any decision. WageReckon stores no salary data - the calculators run in your browser.
Rates for the 2026-27 tax year, current as of 24 July 2026. Source: HMRC (gov.uk). Contains public sector information licensed under the Open Government Licence v3.0. Source: HMRC / gov.uk. See how we calculate.