SCHEDULES

SCHEDULE 3Calculation of income

PART 2Household income

Separation of eligible student's parent or independent eligible student from partner7

1

Where—

a

the parent of an eligible student, or

b

an independent eligible student,

is separated from his or her partner for the duration of the current academic year, the income of the partner is not aggregated under Step 1 in paragraph 3(1).

2

Where—

a

the parent of the eligible student, or

b

an independent eligible student,

has separated from his or her partner during the current academic year, the amount of the partner's residual income to be aggregated under Step 1 is calculated by applying the formula in sub-paragraph (3).

3

The formula to be applied is— X×C/52 Where—

  • X is the residual income of—

    1. a

      the eligible student's parent's partner, where List A of Step 1 applies, or

    2. b

      the independent eligible student's partner where List B of Step 1 applies,

    for the applicable financial year;

  • C is the number of complete weeks of the current academic year during which—

    1. a

      the eligible student's parent and his or her partner, or

    2. b

      the independent eligible student and the student's partner,

    were not separated.

4

Where an eligible student has more than one partner in any one academic year, this paragraph and Step 1 of paragraph 3(1) apply in relation to each partner.