Pensions and Student Finance

Hi! Just wondering because it's not too long for student finance applications (Wales).

My Mum passed away last year. She had a child's pension planned for me and there's also inheritance. I hate talking about this but I need to figure out how this works with student finance? It would be going off my stepdad's income I think, but he hasn't been in work for a year, so our situation is also quite confusing in that way. I know I'm very priviledged, but I don't want to use my inheritance, and I'd rather not use my pension either. I wondering if it counts towards our household income? I can't find much information on child pensions, I guess it's quite a rare thing (bless her). Just need some advice really. My stepdad gets quite stressed with online stuff so we'd rather understand it all early before it's being demanded?

You will need to check the documentation you have for your scheme, but pension funds aren't usually accessible until age 55. Assuming that you are not currently receiving an income from it, then it shouldn't have a bearing on your student finance. With regards to your inheritance, if it is in a savings account and earning interest, then the interest will need to be declared to SFW as 'unearned income'.

There is more information on the SFW website:

https://www.studentfinancewales.co.uk/undergraduate-finance/parents-and-partners/