Paragraph 10 Calculation of eligible student's residual incomeI1

For the purposes of calculating an eligible student's household income under Part 2, the student's residual income is calculated as follows—

• The eligible student's taxable income in respect of the current academic year.

• Plus

• Income payable to the eligible student under a pension arrangements order during the current academic year, net of income tax.

• Minus

• The aggregate of the deductions set out in paragraph 11 (unless already deducted for the purposes of determining the student's taxable income).