SAAS household income question
Could someone help with this please, sorry if asked before, this is my first post. A couple of questions about household income: 1. Is non taxable ISA savings taken into account? 2. I received a non taxable lump sum from my pension when I retired, does this need to be declared as income, i.e. is it taken into account as pension income? Thank you.
Original post by Harveynic
Could someone help with this please, sorry if asked before, this is my first post. A couple of questions about household income: 1. Is non taxable ISA savings taken into account? 2. I received a non taxable lump sum from my pension when I retired, does this need to be declared as income, i.e. is it taken into account as pension income? Thank you.
SFE (Not sure about SAAS, but the legislation should be the same here) have just changed their forms for the 2020/21 round of funding to correctly state that Pension Commencement Lump Sums (PCLS), which is known as the 25% Tax Free Lump sum you can take from your pension, should NOT be included in household income.
SFE previously on this forum were incorrectly telling people to include these lump sums. See extract from SFE PFF2 form below. SAAS should hopefully be able to give you the correct advice if needed.
Quick Reply
Related discussions
- SAAS funding
- SAAS application mistake
- Sending saas household income form
- Maintenance loan - household income question
- Student Maintenance loan question
- Student Finance help
- Student finance help
- step parents and student finance
- Minimum maintenance loan/ SFE
- living in london finance
- Maintence loan question
- Childcare grant
- Student finance for undergraduate
- Applying for student finance based on household income form
- nursing funding
- Paying for university accomodation
- Student loan calculation unfair?
- How do I get maximum form minimum maintenance loan?
- estranged student
- Student Finance Problem
Latest
Trending
Last reply 1 week ago
SAAS down? Getting error when trying to log inLast reply 1 month ago
SAAS Funding, how soon should I expect confirmation?Last reply 2 months ago
SAAS eligibility - pre-reg diagnostic radiography mastersPosted 2 months ago
Advice for funding on Graduate Entry LLBLast reply 6 months ago
Mistakenly ticked No for tuition fee funding through SAASLast reply 7 months ago
Can you get Masters funding after a PGCE?Posted 7 months ago
Wrong fee status (scotland home and RUK)Trending
Last reply 1 week ago
SAAS down? Getting error when trying to log inLast reply 1 month ago
SAAS Funding, how soon should I expect confirmation?Last reply 2 months ago
SAAS eligibility - pre-reg diagnostic radiography mastersPosted 2 months ago
Advice for funding on Graduate Entry LLBLast reply 6 months ago
Mistakenly ticked No for tuition fee funding through SAASLast reply 7 months ago
Can you get Masters funding after a PGCE?Posted 7 months ago
Wrong fee status (scotland home and RUK)
