Asset Means testing

paulsjoy

Great site Martin thank you. This is making it it so much easier to plan for a couple of years ahead when my son will be going to Uni.

You mention that Grants and Loans are Residual Income tested, but can you confirm if assets will also be tested, such as Savings and investments or equity in homes.

Thanks

Oldernotwiser

Unfortunately assets aren't included in assessing parental income, only the income from them.

Voyager2002

Oldernotwiser wrote: »

Unfortunately assets aren't included in assessing parental income, only the income from them.

Fortunately for the students involved!

Oldernotwiser

Voyager2002 wrote: »

Fortunately for the students involved!

Of course, but I've more time for the rest of us than for those coming from families with investments and multiple properties!

snowgirly

paulsjoy wrote: »

Great site Martin thank you. This is making it it so much easier to plan for a couple of years ahead when my son will be going to Uni.

You mention that Grants and Loans are Residual Income tested, but can you confirm if assets will also be tested, such as Savings and investments or equity in homes.

Thanks

I am not really sure, but I don't think so, unless you are going to declare it.