Student finance application and P11D
Discussion
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?
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?
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).
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.
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 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.Seems like a simple enough question but I can't easily find the answer.
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.Seems like a simple enough question but I can't easily find the answer.
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