TCTM04005 - Income: Student Income
The Tax Credit (Definition and Calculation of Income) Regulations 2002, Regs. 8 and 9
Student income means:
In England, any adult dependants' grant which is payable under
- regulation 41 of the Education (Student Support) Regulations 2006 in relation to an academic year which begins on or after 1st September 2006 but before 1st September 2007;
- regulation 43 of the Education (Student Support) Regulations 2007 in relation to an academic year which begins on or after 1st September 2007 but before 1st September 2008;
- regulation 42 of the Education (Student Support) Regulations 2008 in relation to an academic year which begins on or after 1st September 2008 but before 1st September 2009; or
- regulation 44 of the Education (Student Support) (No. 2) Regulations 2008 in relation to an academic year which begins on or after 1st September 2009;
In Wales any adult dependants' grant under
- regulation 22 of the Assembly Learning Grants and Loans (Higher Education) (Wales) Regulations 2006 in relation to an academic year which begins on or after 1st September 2006 but before 1st September 2007;
- regulation 26 of the Assembly Learning Grants and Loans (Higher Education) (Wales) Regulations 2007 in relation to an academic year which begins on or after 1st September 2007 but before 1st September 2008; or
- regulation 26 of the Assembly Learning Grants and Loans (Higher Education) (Wales) Regulations 2008 in relation to an academic year which begins on or after 1st September 2008.
This treatment of income also applies to equivalent provisions in Northern Ireland.
In Scotland
- Any adult or child dependant's grant payable under regulation 4(1)(c) of the Student's Allowances (Scotland) Regulations 1999
Student Income disregarded
The Tax Credit (Definition and Calculation of Income) Regulations 2002, Regs. 8 and 9
When calculating student income disregard in full:
- student loans
- all other grants (for example, to meet the cost of tuition fees, child care, school meals etc)
- payments from Hardship Funds
- access and opportunity bursaries
- disabled student allowances
- in Northern Ireland, low income bursaries for Further and Higher Education Students
- in Scotland, income related bursaries; and
- in Wales income related grants
- scholarship income exempt from income tax by virtue of section 776 ITTOIA
- interest on reimbursement of student loan repayments exempt from income tax by virtue of section 753 ITTOIA
