Student Maintenance Grant Parental contribution calculator

edited 30 November -1 at 1:00AM in Student Money Saving
4 replies 1.7K views
Paul_CullenPaul_Cullen Forumite
1 Post
edited 30 November -1 at 1:00AM in Student Money Saving
Could anyone please help i am looking to calculate the amount of money I will need to save to top up my daughters grant next year for subsistence

I understand the advice on the website and the calculator other than what they define as taxable income , the student loan advice line on the government website is useless and the advice is contradictory
I essentially am trying to establish the definition they use for taxable income i.e. is it the gross salary earned by myself and my wife or is it the salary after tax allowances via tax code which is significantly different in our case nearly £19K different

when I asked the student loan helpine I was met with "what is a tax code !" , then contradictory advice of first use the gross figure , then use the net figure and then use the gross figure again!

The people answering the phones clearly have no clue , can anyone please advise so we can get our calculations correct on how much we need to save to support our daughter

many Thanks


This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals