Hi potential helper,
The 'Financial info' section of the application form asks about other forms of income including any bank or building society interest, except ISAs. I've got a current account, which pays a small amount of interest per year. I don't know how much it will be as the amount in the account will vary through the year, I could switch accounts to another bank with different interest rates.
Does it matter about small amounts of interest like this? At my current balance and interest I'd be receiving about £30 over the whole year, but I plan to invest most of it in an ISA anyway so it'd be more like £10, but that will change according to the student loan/grant I get...
Do I even need to put this on the form and put a rough estimate, or does it not matter for this level of 'income'?
Income estimate help - interest? Watch
- Thread Starter
- 26-01-2015 18:48
Mark Lee - SFE Official Adviser
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- Official TSR Representative
- 29-01-2015 13:47
Hello Star Light,
If the interest is such a nominal amount then I would advise you not to add this onto the form when completing this.