AIBI to ask a student finance (parental contribution) question?

[StudentLoan]

I have just started a salaried job with the NHS are running my own business for years. I am paying into the NHS pension scheme and pay approx 9% of my income into this.

I just wondered if my NHS pension contributions will be deducted from my Gross income when they calculate my parental contribution to DS's student maintenance loan for uni?

It won't affect this academic year (as student finance has already been calculated), but will be an issue in subsequent academic years.

I have Googled, but can't find anything that clarifies this. Any help would be wonderful!

Pretty sure they make allowances for pension contributions - does NHS class as "private" pension?

www.welfare.qmul.ac.uk/guides/student-finance-income-assessment/#parents%20partners

I don't think that the NHS pension is classed as a private pension. Think that it is instead a workplace pension.

It will reduce your income and so possibly increase their student loan amount.

You can ask for an in-year assessment if you think it would be helpful for you/your child

Actually as you have been self employed a very simple way to understand it is that it bases your household income on your income as it would be if you fully completed a self assessment form. So for NHS you may be deducting union and professional services memberships, uniform allowances, along with the usual of charitable donations and payments into pension (anything that is within allowances including contributions to private, workplace, avcs). The final amount on which tax is due is your residual income.

Many thanks for the advice 😊