# The Education (Student Support) (Wales) Regulations 2018, Paragraph 21: Net income


(1) The net income of a dependant is the dependant's income from all sources for the relevant year reduced by the amount of income tax and social security contributions payable in respect of that year but disregarding—
(a) any pension, allowance or other benefit paid by reason of a dependant's disability or incapacity;
(b) child benefit payable under Part 9 of the Social Security Contributions and Benefits Act 1992 ;
(c) any financial support payable to the dependant by a local authority in accordance with regulations made under sections 2, 3 and 4 of the Adoption and Children Act 2002 ;
(d) any guardian's allowance to which the dependant is entitled under section 77 of the Social Security Contributions and Benefits Act 1992 ;
(e) in the case of a dependant with whom a child being looked after by a local authority is boarded out, any payment made to that dependant in pursuance of section 23 of the Children Act 1989 or section 81 of the Social Services and Well-being (Wales) Act 2014 ;
(f) any payment made to the dependant under section 110(6) of the Social Services and Well-being (Wales) Act 2014 or section 23C(5A) of the Children Act 1989 ;
(g) any payments made to the dependant under section 15 of and Schedule 1 to the Children Act 1989 in respect of a person who is not the dependant's child or any assistance given by a local authority pursuant to—
(i) section 24 of that Act , or
(ii) section 104 of the Social Services and Well-being (Wales) Act 2014 in so far as that section applies to category 5 and 6 young persons within the meaning of that Act;
(h) any child tax credit to which the dependant is entitled under Part 1 of the Tax Credits Act 2002 ;
(i) in the case of a dependant who is entitled to an award of universal credit under Part 1 of the Welfare Reform Act 2012 —
(i) any amount that is included in the calculation of the award under regulation 27(1) of the Universal Credit Regulations 2013 , in respect of the fact that the dependant has limited capability for work and work-related activity;
(ii) any amount or additional amount that is included in the calculation of the award under regulation 24 of those Regulations (the child element).
(2) For the purposes of this paragraph, payments made to the eligible student towards a dependent child's maintenance are treated as the dependent child's income.
(3) In this paragraph, “relevant year” means—
(a) in respect of an eligible student's adult dependant, the current academic year;
(b) in respect of an eligible student's dependent child, the applicable financial year determined under paragraph 22.

---
Source: https://www.legislation.gov.uk/wsi/2018/191/schedule/3/paragraph/21 (the official version)
Page: https://openlegislation.uk/education-student-support-wales-regulations-2018/schedule-3/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.