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Student Loans and Grants

wobblymummy
wobblymummy Posts: 109 Forumite
in Student MoneySaving
Hi there

Can anyone tell me if the Maintenance Grant and local postcode bursary are classed as taxable income for tax credit purposes ? I know the loans probably arent....

Many thanks

Comments

  • leebee11_2
    leebee11_2 Posts: 53 Forumite
    I have no idea when the local postcode bursary is?
    On the other hand, the miantenace grant is NOT looked at for CTC purposes, there are only one or 2 types of finance that are counted and this is not one of them.
    Hope that helps
  • liney
    liney Posts: 5,122 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    When I phoned they said only earnt taxable income. Saying that they change their mind every 5 minuites, but if you call them they will do a preliminary re-calculation for you.
    "On behalf of teachers, I'd like to dedicate this award to Michael Gove and I mean dedicate in the Anglo Saxon sense which means insert roughly into the anus of." My hero, Mr Steer.
  • Indie_Kid
    Indie_Kid Posts: 23,100 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Maintenance grant isn't taxable.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
This discussion has been closed.
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