Susi Grant Budget 2025
- Thread starter Twosocks
- Start date
SUSI Grant. Is 'Reckonable Income', Gross or Net?
Thanks @michaelm . Crunched the numbers. Just short of getting the 500 off the fees for each of them. They all work part-time jobs outside of holiday work. Kind of unfair that students who work (because they have to) are penalised.
www.askaboutmoney.com
If I wanted the promotion I'd take it and then try to bodge SUSI. If you you haven't maxed your allowable age related pension contributions you could do so to reduce your reckonable income re SUSI. There's also salary sacrifice schemes to reduce income, in particular bike-to-work and unpaid leave. In any event you probably won't "lose it all" as you may get half fees or at least the €500 contribution. Methinks it's a good problem to have.
Also, the threshold for each band increase by 4k+ when you have more than 1 in college, we have 2 in it this year and they moved from band 4 to band 2/3 because of the increase in the threshold. Both girls also work.
Tx Micahel. I've already used bike to work and unpaid leave. Is there any other way to reduce salary until Dec 31st?
Pension contributions as mentioned earlier?
And other stuff listed here under the heading "Are there any other Income Deductions or Adjustments?".
