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KES Assisted Places
Posted: Mon Feb 08, 2016 4:18 pm
by gsr45
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
Re: KES Assisted Places
Posted: Mon Feb 08, 2016 4:54 pm
by kenyancowgirl
Gross is before deductions; net is after deductions (i.e. take home)
Re: KES Assisted Places
Posted: Mon Feb 08, 2016 5:27 pm
by SSINGH77
Gross before
Net after
Re: KES Assisted Places
Posted: Wed Feb 10, 2016 11:41 am
by WindowGlass
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?
Re: KES Assisted Places
Posted: Wed Feb 10, 2016 11:52 am
by crazycrofter
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.