Do students parents tax free pension lump sum payments need to be declared on the finance form and do they impact on the loans/grants given to students.
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Pension lump sum payments watch
- Thread Starter
- 09-11-2015 14:51
Mark Lee - SFE Official Adviser
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Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 10-11-2015 11:23
Pension lump sums are often deemed as taxable. Please check yours with HMRC.
If it is taxable then yes, it would be used to assess the student.
If not, then we would not use it.