La sylphide Posted July 20, 2023 Share Posted July 20, 2023 I’m after some advice we are due to start looking at upper schools for DD to start sept 2024 I was just reading on DADA’s our work income will be within the income scales but we cashed in a large lump sum from a pension last month to extend the house and this would take us over the 90,000 for the year but it was a one off and wouldn’t obviously be happening every year. Would they include this in our income as we’ve been taxed on it? Link to comment Share on other sites More sharing options...
margarite Posted July 20, 2023 Share Posted July 20, 2023 (edited) I would try and get official advice on this well in advance. As far as I know, as we’ve just been through the Dada funding application process, the total of both parent’s P60s for the previous tax year (in your case 23/4) is what the calculation is based on - the only allowable deduction is for payments to a pension. Good luck x Edited July 20, 2023 by margarite Link to comment Share on other sites More sharing options...
Jan McNulty Posted July 20, 2023 Share Posted July 20, 2023 If you click on the link at the top of the page it brings up loads of previous threads where you may find useful information. Link to comment Share on other sites More sharing options...
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