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—
- a
the eligible student's parent's partner, where List A of Step 1 applies, or
- b
the independent eligible student's partner where List B of Step 1 applies,
for the applicable financial year;
- a
C is the number of complete weeks of the current academic year during which—
- a
the eligible student's parent and his or her partner, or
- b
the independent eligible student and the student's partner,
were not separated.
- a
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.