We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Advice needed estimated income for SFE now we have an increase in income

Lea28
Lea28 Posts: 61 Forumite
edited 22 August 2011 at 7:06PM in Student MoneySaving
I am due to start my first year at uni this september and I've had all my finance stuff sorted for a while. However, my partner has just been given a car allowance in work to the sum of 3000 per year. We thought this was great but after tax, NI, student loan deductions for my partner and the reduction in child tax its not worth very much at all especially with the running costs of the car.

My question is do I now need to inform student finance of this extra income, we have estimated the academic year 11/12's income after tax, NI, and student loan payments as £14,800 but its going to be more like £16,600. I was awarded 80% ccg and full PLA and I'm really worried that this small increase will mean I loose ccg entitlement. Would it be possible for me to tell them about the increase next year when we confirm what he actually earned. Any advice welcome.

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.