Use this quick tool to find the annual gross income by just entering the amount paid toward a student loan. It's pretty straightforward and will give you an accurate figure as long as the loan payment amount is correct.
There are two main types of student loan that have been used over the last two decades or so, these are plan 1 and 2 type loans, separated at September 2012.
The loans deduct nine percent of gross earnings above a certain threshold. The threshold varies yearly. Since 2018 the threshold for plan 2 loans has been greatly increased and will now also get yearly inflation linked increases as was always the case with plan 1 loans.
Gauging a colleague's salary can be important when looking at promotion offers or weighing up whether to request a pay rise. Branching out to look for work in new areas you can use salary information to aid your decision making process too.
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