Turn on thread page Beta

Demotion Payout watch

Announcements
    • Thread Starter
    Offline

    0
    ReputationRep:
    Hi, last May my mum's job was axed at the company she works for so she was forced to step down to a lower paying position. Because of this the company gave her a payout. I wasn't sure if this money would class as redundancy pay and have to be included within my SFE application. With it included I will only just have enough money for my accommodation.

    Thanks
    • Very Important Poster
    • PS Reviewer
    Offline

    21
    ReputationRep:
    Very Important Poster
    PS Reviewer
    (Original post by BillyBrooks)
    Hi, last May my mum's job was axed at the company she works for so she was forced to step down to a lower paying position. Because of this the company gave her a payout. I wasn't sure if this money would class as redundancy pay and have to be included within my SFE application. With it included I will only just have enough money for my accommodation.

    Thanks
    If it was last May then it wont count in the 2014/15 tax year (which finished on APril 5 2015) that's used for income assessment for this Autumn (unless you ask for your household income to be based in the 2016/17 tax year see http://www.thestudentroom.co.uk/cont...udents-2016-17 and http://media.slc.co.uk/sfe/1617/ft/sfe_cyi_1617_d.pdf )
 
 
 
Reply
Submit reply
Turn on thread page Beta
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: March 4, 2016
Poll
Is the Big Bang theory correct?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.