Re: Student Grants?


"Bert" <Albert@xxxxxxxxxxxxxxxxxxxx> wrote in message
news:MPG.20fa48ac9535f9a398a2cb@xxxxxxxxxxxxxxxxxxxxx
It seems a bit unfair to be based on income as, and correct me if
I've
got this wrong, if I won the lottery and gave up work, I could
claim
FULL Maintenance while have a bucket full of money in the bank!

OK, I'll correct you as you are wrong. "Income" includes interest on
savings and return on investments, not just income from "work", so
unless you keep your millions in an account that paid no interest
what
so ever and lived by eating into your capital, you would not be
getting
a grant. :-)

You could have £2.5 million in a few "growth" unit trusts, where the
income is usually only about 1% or so. Then your income would be only
be £25k, low enough to get a full grant under the new scheme.

--
Andy


.

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