student loan application form

roysterer

Question.
Do you have to disclose any interest earned from cash ISAS when applying for your child's student grant.
Is ISA interest regarded as income for the above disclosure????

I have read conflicting information when I googled the above question.

I would be grateful if someone could clarify whether yes or no??
Thank you for any replies
Roysterer

agrinnall

This says ISA income can be disregarded.

http://www.theguardian.com/money/2012/nov/09/student-loans-parents-misled-application-form-income

A SLC spokeswoman confirms that Isa income can be disregarded: "Interest, dividends and other income from Isas are classed as non-taxable. The guidance on the financial assessment [the Assessing Financial Entitlement guidance document for assessors] has not changed, neither has the regulatory definition of taxable income.