May the 4th...

Student finance

Does anybody know what "household income" is exactly?

My brother earns so i assume his income is part of this, but I'm not sure.

Also, my father stopped earning this year, but the household income calculation is apparently based on the previous tax year's income...
I think there's a way around this by using a "Current Year Income Assessment Form - Academic Year 2014/15". Has anyone had experience with this?

(edited 9 years ago)

Reply 1

Pcline9

OP

free sweets to people who reply

Reply 2

meenu89

19

Original post by Pcline9

Student finance

Does anybody know what "household income" is exactly?

My brother earns so i assume his income is part of this, but I'm not sure.

Also, my father stopped earning this year, but the household income calculation is apparently based on the previous tax year's income...
I think there's a way around this by using a "Current Year Income Assessment Form - Academic Year 2014/15". Has anyone had experience with this?

Until someone comes up with a better answer, I'll leave you with this link.

https://www.gov.uk/apply-for-student-finance/household-income

Reply 3

Hertz

11

May the 4th be with you.

Posted from TSR Mobile

Reply 4

akfc

1

Original post by Hertz

May the 4th be with you.

Posted from TSR Mobile

dammit! you beat me to it :colonhash:

Reply 5

balotelli12

9

Unless your father's income has fallen by at least 15% you have use the stipulated year.
If it has fallen that much you can ask for a current year assessment.
My experience of it was I had to apply as usual and get allocated finance. Then, when it became available, I used the current year assessment form and was reassessed. At the end of the financial year we had to provide proof of income.

(edited 9 years ago)

Reply 6

Klix88

17

Original post by Pcline9

Student finance

Does anybody know what "household income" is exactly?

My brother earns so i assume his income is part of this, but I'm not sure.

Also, my father stopped earning this year, but the household income calculation is apparently based on the previous tax year's income...
I think there's a way around this by using a "Current Year Income Assessment Form - Academic Year 2014/15". Has anyone had experience with this?

Your brother is not expected to support you, so his income will not be taken into account.

Reply 7

syrettd

18

It's been a few years since I did student finance, but I don't remember ever needing to include my brother's income into the household income. It's just your parents/guardians.