How much can my husband and i earn?

Madmonk

Help ! My husband earns £16500 per year before tax, I've been unemployed but I have now been offered a p/t job which offers me £1050 gross per year but I'm concerned that this will effect how much my son will be entitled to in Uni grants. How much can my husband and I earn jointly before it effects my son's Uni grants and bursaries ( Yes I am being mercenary but needs must!).

MM:o

dmg24

Oh my days ...

rachie_2011

http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Gettingstarted/DG_171579

zzzLazyDaisy

Is your son at Uni already? If not, when does he start? This is relevant as the applicable figures for existing students are often different than those for students who are about to start Uni in the current financial year.

To answer your question in part, at least, any means testing goes on the family income in the previous tax year, so any applications for means tested financial assistance for this year will go on your p60's that you have just received for 2010/11

Does this help?

melancholly

i don't know the cut-offs exactly, but i would imagine a joint income of under £20K would still make all grants/loans at their maximum. as above, it all depends on what year you son starts/started uni.

it would also be a real shame to turn down employment because of a hypothetical change in uni grants.

Lokolo

Why an adult would turn down a job just so her DS/DD can get an extra £100 in grants I don't know.

The difference could easily be made up by a part time / summer job.

However I believe the threshold is somewhere between £20-25k

Oldernotwiser

Working for 3 hours a week won't affect your son's grants but if you worked more you could use some of the money to give him an allowance.

Madmonk

All I wanted was a simple answer - what is the cut off point for a student to get full grant and bursary! No-one knows my families full situation or what we might or might not decide to do so please don't jump to conclusions! Thanks rachie_2011 for the information asked for not a load of sanctimonious, opinionated drivel!

MM

Lokolo

Madmonk wrote: »

All I wanted was a simple answer - what is the cut off point for a student to get full grant and bursary! No-one knows my families full situation or what we might or might not decide to do so please don't jump to conclusions! Thanks rachie_2011 for the information asked for not a load of sanctimonious, opinionated drivel!

MM

Expecting to maximise free money from the government when it's not needed, will warrant opinions.

melancholly

Madmonk wrote: »

All I wanted was a simple answer - what is the cut off point for a student to get full grant and bursary! No-one knows my families full situation or what we might or might not decide to do so please don't jump to conclusions! Thanks rachie_2011 for the information asked for not a load of sanctimonious, opinionated drivel!

MM

since the post you thanked is the main direct gov one, if you'd like to avoid such 'drivel' in the future you could try google.

jayme1

Madmonk wrote: »

Help ! My husband earns £16500 per year before tax

how does he do this? I was under the impression that if you earn over £7,475 you start paying tax, linky