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UK Students - Government Undergraduate Funding
Tax Years
The detail below shows the tax years used by Student Finance England when considering household income, which is used to determine Government funding.
Month & Year of University entry |
Apply From |
Tax Year normally used |
If assessed on current income basis - tax year used* |
Oct 2010 |
Oct 2009 |
April 2008 - April 2009 |
April 2010 - April 2011 |
Oct 2011 |
Oct 2010 |
April 2009 - April 2010 |
April 2011 - April 2012 |
Oct 2012 |
Oct 2011 |
April 2010 - April 2011 |
April 2012 - April 2013 |
Oct 2013 |
Oct 2012 |
April 2011 - April 2012 |
April 2013 - April 2014 |
*Important - If you're expecting your household income to drop or it has recently dropped you may be able to apply to be assessed on a current income basis.
Student finance applications are usually assessed on household income for the last full tax year prior to the year in which you can apply for entry. However if there is a significant drop in household income expected, you can ask to be assessed on a 'current income basis', using the current tax year instead, although this means the assessment will not be finalised until late in the first academic year.
If you think your household income for the current tax year will be at least 15 per cent lower than for the previous tax year, you'll need to complete and return a 'Current year income assessment form'. The form can be found under "Forms and guides" right hand section of this page http://www.direct.gov.uk/studentfinance
Household Residual Income
Household residual income is your household's gross income minus certain allowances, are as follows:-
- £1,130 for each financially dependant child
- Pension schemes and superannuation payments eligible for tax relief
- £1,130 for parents who are also students
