Review of the SP 4/86 Financial Limits for the 2006-07 academic year.

Statement of Practice 4/86 (SP 4/86 see page 81) (PDF 1.2MB) sets out how scholarship income works when there is an employment relationship between the payer of the scholarship income and the recipient.

The financial limit contained in the SP is reviewed each year. Following this year's review Ministers have decided that after the increase for the 2005 -06 academic year, the limit for the 2006-07 will remain at £15,000.