Multiple Jobs PAYE Split Student Loan Calculator
One narrow question: with two or more PAYE jobs at once, what does each employer deduct? Every employer applies the student loan threshold to the pay it alone gives you, so two jobs that are each below the threshold produce no deduction at all even when the combined total is well above it.
Want the full picture, including what you owe at the end of the year?
The multiple jobs & side income calculator is the fuller tool. It adds self-employment and freelance income, works out the Self Assessment balancing payment and tells you whether you need to file a return at all. This page stops at the per-employer payslip.
The PAYE rule
Each employer applies the threshold only to what it pays you, and cannot see your other jobs. Two jobs at the same employer are added together first and share one threshold.
Monthly £2,448 · weekly £565 · annual £29,385
Your jobs
Jobs with the same employer name are added together before the threshold is applied, the way payroll does it.
Jobs with the same employer name are added together before the threshold is applied, the way payroll does it.
Thresholds used (2026-27)
Plan: Plan 2
Monthly: £2,448
Weekly: £565
Rate: 9% above the threshold
HMRC publishes and floors the monthly and weekly figures rather than dividing the annual one, so Plan 1 is £2,241 and not £2,241.67[source].
What each employer deducts, 2026-27
PAYE will collect £1,459 less than you owe
Every job is below the £2,448 monthly threshold on its own, so nothing is deducted, but your combined £45,600 is above the £29,385 annual threshold. The gap is payable through Self Assessment by 31 January following the end of the tax year — about £122 a month if you save for it.
Combined pay
£45,600
2 jobs at 2 employers
PAYE deducts
£0
£0 a month on average
True liability
£1,459
One £29,385 threshold on the total
Shortfall
£1,459
Payable through Self Assessment
How this is worked out
(£2,000.00 − £2,448) × 9% = £0
Job 1 at Company A: monthly threshold of £2,448 for 2026-27, rounded down to a whole pound. Below the threshold, so nothing is deducted.
How this is worked out
(£1,800.00 − £2,448) × 9% = £0
Job 2 at Company B: monthly threshold of £2,448 for 2026-27, rounded down to a whole pound. Below the threshold, so nothing is deducted.
How this is worked out
(£45,600 − £29,385) × 9% = £1,459
What the same income owes when it is all added together — the Self Assessment figure.
| Job | Pay per period | Threshold | Deducted per period | Per year |
|---|---|---|---|---|
| Job 1Company A | £2,000.00 / mo | £2,448 | £0.00 | £0 |
| Job 2Company B | £1,800.00 / mo | £2,448 | £0.00 | £0 |
| Total | — | — | — | £0 |
Next step
If you also have freelance or self-employed income, or want to know whether you have to file a return at all, the multiple jobs & side income calculator carries the whole Self Assessment side of this.
Rates, assumptions and sources
Every figure below is the 2026-27 published figure, read from this site's single source of truth at page-render time[source]. The 6% Plan 2 and Postgraduate interest cap covers the 2026/27 year only and is not assumed to continue[source].
| Plan | Threshold | Rate | Interest | Written off | Threshold freeze |
|---|---|---|---|---|---|
| Plan 2 | £29,385[source] | 9% | 4.1% to 7.1% by income, capped at 6% for 2026-27[source] | 30 years[source] | Frozen at £29,385 until April 2030 |
Write-off is counted from the April after the course ends, not from the course-end date itself, and the Plan 2 interest bands (£29,385 lower, £52,885 upper) are frozen alongside the Plan 2 repayment threshold.
This calculator also assumes
- Tax year
- 2026-27
- PAYE model
- One threshold per employer, per pay period
- Same employer
- Jobs sharing an employer name share one threshold
- Loan deduction rounding
- Rounded down to a whole pound each period
- Assumed pay pattern
- Level pay every period, all year
- Not modelled
- Income tax, National Insurance, non-PAYE income
Growth, inflation and long-run interest figures are assumptions, not published rates. Change them and the projection changes.
Understanding PAYE with multiple jobs
The PAYE problem
- • Each employer sees only its own payments to you
- • The threshold is applied separately to each job
- • Several jobs below the threshold means £0 deducted
- • Your combined income can still be well above it
- • PAYE has no mechanism to collect the difference
What Self Assessment does about it
- • Adds every source of income together
- • Applies one £29,385 threshold to the total
- • Credits the student loan already taken through PAYE
- • Charges the balance by 31 January
- • No payments on account for student loan repayments
Worked examples
Two £2,000-a-month jobs at different employers (Plan 2)
• Each job is below the £2,448 monthly threshold, so each deducts £0.
• Combined, £48,000 a year owes £1,675.
• The whole £1,675 falls due through Self Assessment.
The same two jobs at one employer
• Payroll adds them to £4,000 a month and deducts £139 a month.
• That is £1,668 a year, so almost nothing is left outstanding.
Our wider guide on student loan repayment with multiple jobs covers this alongside side income and freelance work. For a single salary, use the student loan repayment calculator.
Multiple jobs causing a student loan gap?
PAYE cannot always collect the right amount across several employers. Knowing the gap before January is the whole point.
Related student loan calculators
The multiple jobs PAYE split calculator answers one specific question. For the full picture, start with our UK student loan calculator on the homepage, work out what leaves your payslip each month with the monthly repayment calculator, or check what you can borrow with the student finance calculator. Every tool on the site is listed in the UK student loan calculator directory.
- multiple jobs and side income calculator: what side income adds on top of PAYE employment
- part-time earnings calculator: what part-time or irregular pay means for your deductions
- Self Assessment balancing payment calculator: the extra student loan HMRC collects with your tax return