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 Post subject: KES Assisted Places
PostPosted: Mon Feb 08, 2016 3:18 pm 
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Joined: Mon Feb 08, 2016 3:04 pm
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I read the scale of fees document for assisted places at the King Edward School.

It mentions the gross family income. Is this income before deductions like Income Tax, NI etc. or is it after deductions?

Thanks


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 Post subject: Re: KES Assisted Places
PostPosted: Mon Feb 08, 2016 3:54 pm 
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Joined: Mon Oct 21, 2013 7:59 pm
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Gross is before deductions; net is after deductions (i.e. take home)


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 Post subject: Re: KES Assisted Places
PostPosted: Mon Feb 08, 2016 4:27 pm 
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Joined: Fri Sep 25, 2015 9:56 am
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Gross before
Net after

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 Post subject: Re: KES Assisted Places
PostPosted: Wed Feb 10, 2016 10:41 am 
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Joined: Sun Nov 03, 2013 11:59 am
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Location: West Midlands
I think you might also ask about whether gross pay is different from taxable.

Sometimes there are pay deductions made BEFORE tax is assessed. Are those considrred to be income?


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 Post subject: Re: KES Assisted Places
PostPosted: Wed Feb 10, 2016 10:52 am 
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Joined: Wed Oct 08, 2014 9:10 am
Posts: 102
We have a KEHS AP and the rules are the same. You definitely need to take into account any pension deductions - so you need to add these back to your income.

Therefore the amount assessed is actually higher than your taxable pay because taxable pay is after you take off the pension payments.

Also, you have to include any non cash benefits.

Hope that helps.


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