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Household income decreasing?

If we have to send in our 2012/2013 tax form for student finance, why is the current income assessment form 2014/2015 and not 2013/2014 for those whose household income has decreased by 15%? Is this correct?

Reply 1

balotelli12

Yes it is. Current income assessments go off this tax year, 2014-15, not last year.

Reply 2

b0x3s

Original post by balotelli12

Yes it is. Current income assessments go off this tax year, 2014-15, not last year.

So I'm supposed to guess what my parent's income is going to be?

Reply 3

balotelli12

THEY are required to estimate what their income will be.
You will get an award based on that.
At the end of the year THEY will have to provide proof of earnings and your award if necessary will be readjusted and you may have to return any grant or extra loan You were awarded.