Parents income for maintenance loan

Rachelh6066

This may seem a stupid question but my husband earned £47,500 in total last year -this is from the annual tax summary he received from the tax office. I earned £17,800 again this is from my annual tax summary. This takes us to a joint household income of £65,300 which means our daughter is only entitled to the minimum amount of maintenance loan. When I declare our taxable income do I include the 1st £10k of each of our salaries which is effectively tax free? Also do I have to included earnings from company benefits such as a car or health insurance? I understand pension contributions do not have to be included so does this mean my salary would be £17,800 -£1,200 (pension contributions) total £16,600?
Thanks in advance for any help you may be able to offer.

agrinnall

The personal allowance hasn't been £10K since 2014-15, see here. But yes, you have to declare all of the income you mention as it's all taxable, it's just that part of it s taxed at 0%. I don't know about your benefits, but you're right that pension contributions wouldn't normally be included as they do not form part of your taxable income (I think perhaps it can be different if it's salary sacrifice).

Starrystarrynight1

Yes, you do have to declare taxable benefits like a car or private health scheme. The figure should be on your P11D forms for the relevant tax year. You do include the tax free allowance, also, as the income is from a taxable source.

If your pension scheme is occupational, the figure will already have been deducted from the taxable income on your P45. If it's a private pension scheme, you can deduct the amount paid from your taxed salary, but they will likely ask you to provide documentary evidence of the year's contributions.