Paragraph 3 Calculation of household income

An eligible student's household income is calculated by applying the following steps— Step 1 If the student is not an independent eligible student (see paragraph 4), aggregate the total residual income of the persons listed in List A. If the student is an independent eligible student, aggregate the total residual income of the persons listed in List B.

• List A

• The persons are—

Step 2 Calculate the applicable amount of dependent child deduction (see sub-paragraphs (2) to (4)) and deduct that from the aggregated total calculated under Step 1. The result is the eligible student's household income.

A dependent child deduction is a deduction made in respect of each child wholly or mainly financially dependent on—

where the income of that person is taken into account for the purposes of calculating household income.

But no deduction is to be made in respect of a child of—

if the child is the eligible student.

In Table 15, Column 2 sets out the amount of dependent child deduction in respect of the academic year set out in the corresponding entry in Column 1.