The Student Room Group

Parent retiring partway through year

Hi, my mum is going to be retiring in November this year, I'm starting my course in September. Because of her retirement the household income is going to change pretty drastically (above 65k to 35k); which amount should I put on my student finance application?
Original post by CatherineSW
Hi, my mum is going to be retiring in November this year, I'm starting my course in September. Because of her retirement the household income is going to change pretty drastically (above 65k to 35k); which amount should I put on my student finance application?

Hi Catherine,

We'll ask your Mum to provider her income details from the 18/19 tax year. However, if your parents expect their income to drop by more than 15% in the upcoming 20/21 tax year, they can submit a Current Year Income (CYI) form, and we'll base your funding on their estimated income instead.

The CYI form isn't available just yet, but it will be this April. Once it is, you can find it here: https://www.gov.uk/student-finance-forms

Thanks, Graeme

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