step children & finances

missbiggles1

onomatopoeia99 wrote: »

Didn't you say "university funding" was based on the student's home situation and excluded the income of the non-resident parent earlier?

Or is that something different from student loans?

Parental income of the resident parent, plus that of any resident partner.

Mojisola

JReacher1 wrote: »

The child is at university so doesn't live with either parent.

Once uni starts, maybe, but not when the applications for loans are being made.

missbiggles1

JReacher1 wrote: »

Yes it is.

Are you saying it's illegal for an 18 year old to say they live with their mum and not their dad?

If they actually don't then they're likely to come under scrutiny from the SLC fraud prevention department.

"Household Composition
SLC offer a number of means tested loan and grant elements of student finance. These can present a risk if false information is provided by a student and/or a third party that leads to an inflated loan or grant being paid out."

http://www.slc.co.uk/about-us/what-we-do/fraud-prevention.aspx

silvercar

JReacher1 wrote: »

Yes it is.

Are you saying it's illegal for an 18 year old to say they live with their mum and not their dad?

Fairly easy to check who has been claiming the child benefit.

JReacher1

missbiggles1 wrote: »

If they actually don't then they're likely to come under scrutiny from the SLC fraud prevention department.

"Household Composition
SLC offer a number of means tested loan and grant elements of student finance. These can present a risk if false information is provided by a student and/or a third party that leads to an inflated loan or grant being paid out."

http://www.slc.co.uk/about-us/what-we-do/fraud-prevention.aspx

Your link is pointless. There is nothing in there that says an 18 year old can't register their address at the parents house with the lower income to improve their benefits.

In fact it appears many people do this and none of them are seen as "crooks" as you so nastily put it.

http://www.theguardian.com/money/2014/jan/26/wealthy-students-grants-poor-divorce

silvercar

JReacher1 wrote: »

This whole site is geared towards taking advantage of legal loopholes to save money.

It is perfectly legal to register a child's address at the persons house which gives you the best financial assistance. It is not fraud, people aren't crooks and it's perfectly legal.

If you think it's fraud to say a kid lives with his mum and not his dad then you're basically a complete buffoon.

Can you point out where Martin Lewis says it is ok to lie to maximise, think you need to understand the difference between money saving and committing fraud.

Remember it is the child who applies for student finance, the child who declares their home address. Think carefully the guidance you give your children.

JReacher1

silvercar wrote: »

Fairly easy to check who has been claiming the child benefit.

I didn't realise that university students got child benefit.

That's what I love about this site. I find out things that I never knew before. I'll pass the good news onto my wife.

missbiggles1

JReacher1 wrote: »

Your link is pointless. There is nothing in there that says an 18 year old can't register their address at the parents house with the lower income to improve their benefits.

In fact it appears many people do this and none of them are seen as "crooks" as you so nastily put it.

http://www.theguardian.com/money/2014/jan/26/wealthy-students-grants-poor-divorce

It's always a good idea to read a link before posting it, that way you can tell whether or not it actually says what you think it does.;)

If you don't bother, it really makes you look pretty daft.:D

JReacher1

silvercar wrote: »

Can you point out where Martin Lewis says it is ok to lie to maximise, think you need to understand the difference between money saving and committing fraud.

Remember it is the child who applies for student finance, the child who declares their home address. Think carefully the guidance you give your children.

its not a lie. The child is going to university so is no longer living at home. Therefore you can register the child's official address as the one which provides the maximum financial benefit.

I am sure Martin recommended buying the £2 travel insurance from compare the market. Even if you don't need it to take advantage of the 241 cinema deal. That is taking advantage of a loophole.

JReacher1

missbiggles1 wrote: »

It's always a good idea to read a link before posting it, that way you can tell whether or not it actually says what you think it does.;)

If you don't bother, it really makes you look pretty daft.:D

I assuming you're referencing your own link you posted....