Current year income confusion for parents Watch

smillership
Badges: 1
Rep:
?
#1
Report Thread starter 1 year ago
#1
My son started university last year Sept 2017, as I am self employed with a yo-yo salary I completed a CYI form for 2017/18, his loan for the year was based on this, I have now confirmed the amounts to SFE with my 2017/18 tax return. If I now fill in a CYI for 2018/19 SFE request information on the tax year from 2 years ago 2016/17. Will this have any bearing on the calculation for 2017/18 or 2018/19. My worry is that I was made redundant in 2016 and my income drastically dropped, that is why I chose to fill in the CYI form for 2017/18 in the first place. Also, my 2016/17 tax return included capital gains from the sale of some shares, are these classed as taxable income. Confusing.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

University open days

  • Bournemouth University
    Clearing Open Day Undergraduate
    Wed, 31 Jul '19
  • Staffordshire University
    Postgraduate open event - Stoke-on-Trent campus Postgraduate
    Wed, 7 Aug '19
  • University of Derby
    Foundation Open Event Further education
    Wed, 7 Aug '19

Are you tempted to change your firm university choice on A-level results day?

Yes, I'll try and go to a uni higher up the league tables (145)
17.64%
Yes, there is a uni that I prefer and I'll fit in better (74)
9%
No I am happy with my course choice (485)
59%
I'm using Clearing when I have my exam results (118)
14.36%

Watched Threads

View All