Student finance application and P11D
Student finance application and P11D
Author
Discussion

G321

Original Poster:

645 posts

223 months

Friday 3rd March 2023
quotequote all
I'm completing a student finance application for my step daughter and I'm not entirely sure on the benefit in kind section.
For starters my company haven't supplied me with a P11D for the year in question (21/22) although I have requested this.
Looking at the previous year's P11D I can only see the list price of the car and the yearly cash equivalent.
I assume the figure needed would be the actual BIK figure for the car? l have done a google search and can only see current figures for this year, plus to muddy the waters, I changed car in March of 2022.
Any ideas on where I should be looking for the correct figure?

phil-sti

2,917 posts

198 months

Friday 3rd March 2023
quotequote all
You need to include your BIK from the car but normally I always have had a copy by now. have you checked your online account?

Sheepshanks

38,238 posts

138 months

Friday 3rd March 2023
quotequote all
G321 said:
For starters my company haven't supplied me with a P11D for the year in question (21/22) although I have requested this.
If you have a log in you might be able to see the figures on your tax account on the HMRC site.

You should have had a tax calculation from HMRC a few months ago (assuming you don't do self-assessment - you'd have needed the P11D before now).


Armitage.Shanks

2,816 posts

104 months

Sunday 5th March 2023
quotequote all
If you're anywhere near the threshold (household income c£58k) where she would not get anything over the minimum maintenance loan you can decide not to disclose your financial details. Then she'll be entitled to £3597pa as it now stands.

I knew I would be so it was easier for me not to mess about wasting time putting figures into the system for them to tell me something I already knew.

OIC

218 posts

12 months

Monday 9th June
quotequote all
Anyone know if pension income (from DB occupational pension if that matters) counts as household income for student finance assessments?

Seems like a simple enough question but I can't easily find the answer.

Armitage.Shanks

2,816 posts

104 months

Monday 9th June
quotequote all
OIC said:
Anyone know if pension income (from DB occupational pension if that matters) counts as household income for student finance assessments?

Seems like a simple enough question but I can't easily find the answer.
If it's income that subject to tax as listed on your HMRC Gateway A/C then I would say it is included as part of the income assessment.

alscar

7,172 posts

232 months

Monday 9th June
quotequote all
OIC said:
Anyone know if pension income (from DB occupational pension if that matters) counts as household income for student finance assessments?

Seems like a simple enough question but I can't easily find the answer.
It’s all income as far as the assessments are concerned so I would say yes.