Student Loan payments

[pintsizedblondie]

Hi all,

I am due to get a pay rise soon and was trying to work out what my student loan repayments will increase to. I currently pay £87 a month. Two different websites say it will increase to £92 and the other says £112. I'm inclined to think the higher amount, but a £25 increase seems quite hefty. The payrise was around £3000 if that helps. TIA.

I think it is 9% regardless of which plan you are on but I expect the SLC website will have more information about your particular plan.
So 9% of £3000 is £270, which is £22.50 per month. So with current payment being £87 then I think it goes to £109.50... not £92 or £112.
However do look at what you would be paying based on your entire salary minus the relevant threshold depending on which plan you are on.