- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As made) - English
- Original (As made) - Welsh
This is the original version (as it was originally made).
15.—(1) For the purposes of calculating P’s residual income, the deductions are—
Deduction A
The gross amount of any premium or sum paid by P in respect of a pension during the applicable financial year, in relation to which—
(a)relief is given under section 188 of the Finance Act 2004, or
(b)where P’s income is computed for the purposes of the income tax legislation of another member State, relief would be given if that legislation made provision equivalent to the Income Tax Acts,
but not including any sum paid as a premium under a policy of life assurance.
Deduction B
Where paragraph 18 applies, a sum equivalent to Deduction A provided that this sum does not exceed the deductions which would be made if the whole of P’s income were in fact income for the purposes of the Income Tax Acts.
Deduction C
£1,130, where P—
(a)is an eligible student in respect of the current academic year but is also the parent of an eligible student, or
(b)holds a statutory award in respect of the same period.
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Original (As Enacted or Made) - English: The original English language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Original (As Enacted or Made) - Welsh:The original Welsh language version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
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