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Are pension contributions taken from income for sfe?

4 replies

Baileyscream · 10/01/2024 21:54

We're trying to estimate what maintenance loan my son is entitled to. My husband pays into a work based pension scheme, so taken before tax. What figure do we we use for estimating the loan please? If it's after the pension it does make a difference to the amount of loan he would get.

I'd really appreciate it if anyone could shed any light please. I've tried looking in the guides but it doesn't seem very clear.

OP posts:
clary · 10/01/2024 22:15

It's your gross income as far as I know, so pensions etc make no difference.

MoralOrLegal · 10/01/2024 22:49

Disagreeing with @clary. It's income after pensions but before tax, i.e. the amount on your P60 that you're taxed on. Section 4.8 here.

https://www.gov.uk/government/publications/student-finance-how-youre-assessed-and-paid/student-finance-how-youre-assessed-and-paid-2023-to-2024#assessing-how-much-student-finance-you-can-get

Baileyscream · 10/01/2024 23:14

Thank you both, much appreciated.

OP posts:
clary · 10/01/2024 23:25

Ah OK, thought it was gross income, fair enough

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