Non means tested benefits N Tax credits Y Pension credit Y Y Partner’s earnings Note 1: The first £1,215 of this payment will be excluded from the income calculation for This amount will be reviewed on an annual basis by the Student Support Fund Committee. 5.3.2 Assumed Income It is assumed that the majority of students, with no carer responsibilities, will be able to supplement their income through part-time work, savings, bank loans, family contributions etc. Rather than taking the actual amount of income gained in this way, the assessment uses fixed amounts to take account of this type of income, as outlined in Table 2. Table 2 Assumed Weekly Income – Circumstances Assumed Income (Per Week) Non Final Year student £30 Final Year Student £10 The level of assumed income for those undergraduate students with dependants or those unable to work as a result of ill health will be zero. 5.4 Treatment of Expenditure - Composite Living Costs A level of expenditure, called Composite Living Costs (CLC), will be assumed for all students. This is to cover expenditure on basic costs such as food, household bills, clothes, entertainment which ensures that all applicants are treated consistently regardless of their individual lifestyles. The CLC is fixed each year and based on the level of unemployment benefit paid plus an allowance to cover the additional costs associated with attending university. The CLC for the 2017-18 academic year are detailed at Table 4. The assessment completed also allows for variable expenditure to be considered, for example, rent, travel, and childcare. Table 3 lists the elements of expenditure which should be categorised as CLC, variable or fixed. Table 3 Expenditure Elements – Fixed / Variable Living Notes Composite Costs Living Costs Rent/mortgage Y 1 Food Y Utilities Y Childcare Y Mobile phones Y TV Licence plus Y insurances Clothes Y
Non means tested benefits N Tax credits Y Pension credit Y Partner’s earnings Y Note 1: The first £1,215 of this payment will be excluded from the income calculation for This amount will be reviewed on an annual basis by the Student Support Fund Committee. 5.3.2 Assumed Income It is assumed that the majority of students, with no carer responsibilities, will be able to supplement their income through part-time work, savings, bank loans, family contributions etc. Rather than taking the actual amount of income gained in this way, the assessment uses fixed amounts to take account of this type of income, as outlined in Table 2. Table 2 – Assumed Weekly Income Circumstances Assumed Income (Per Week) Non Final Year student £30 Final Year Student £10 The level of assumed income for those undergraduate students with dependants or those unable to work as a result of ill health will be zero. 5.4 Treatment of Expenditure - Composite Living Costs A level of expenditure, called Composite Living Costs (CLC), will be assumed for all students. This is to cover expenditure on basic costs such as food, household bills, clothes, entertainment which ensures that all applicants are treated consistently regardless of their individual lifestyles. The CLC is fixed each year and based on the level of unemployment benefit paid plus an allowance to cover the additional costs associated with attending university. The CLC for the 2017-18 academic year are detailed at Table 4. The assessment completed also allows for variable expenditure to be considered, for example, rent, travel, and childcare. Table 3 lists the elements of expenditure which should be categorised as CLC, variable or fixed. Table 3 – Expenditure Elements Fixed / Composite Living Costs Variable Living Costs Notes Rent/mortgage Y 1 Food Y Utilities Y Childcare Y Mobile phones Y TV Licence plus insurances Y Clothes Y
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