Current year income – Guidance on finalisation assessments

If you’ve not received your P60 yet or can’t locate it

We understand that you might not have received your financial evidence for tax year 2021-22 yet or you may have difficulty providing the evidence we’ve asked for.

Don’t worry if you can’t provide your P60, we can accept a copy of your March 2022 payslip as long as this includes the year to date figures.

If you haven’t received a notification about finalising the current year income assessment and/or are unsure of how to do this

We have attempted to email parents and partners of students asking them to confirm their financial information and provide evidence to finalise the current year income assessment. This email also provided information on how to do this. If you did not receive this email, follow the steps below to find out how.

• Download and save the Financial Information Confirmation form. Complete the form and then digitally upload it via your online account by going to the application you supported for the academic year 2021/22 and select ‘upload supporting evidence’
• Return this form along with your tax year 2021-22 financial evidence. The form explains what financial evidence you can provide.
• You don’t need to sign the form if you’re uploading it through your online account. However, if you choose to upload the form through someone else’s account, the form should be fully signed and dated in ink or we cannot accept it.

If you cannot upload your form, you should return it with clear photocopies of your evidence to:

When you’ll hear from us

Once you’ve uploaded your form and evidence, you’ll be able to check the progress using our new evidence tracker in your online account. Within five days of uploading, you’ll see an ‘estimated date for review’ which will tell you when we’ll look at the form and update the student.

It can take 6 to 8 weeks to process, but we’ll contact the student by email or post as soon as we’ve processed it, notifying them of the outcome. They can also monitor their online account for updates.

If you’re self-assessed or self-employed and cannot provide evidence requested

If you haven’t submitted your tax return for tax year 2021-22 and you’re unable to do so until later in the year, you can defer the finalisation of your current year income.

You’ll still need to complete the form we’ve sent you and confirm your up-to-date estimates. You can tell us that you haven’t submitted your tax return yet in section 5 of the form.

We’ll then contact you the following February to ask you to send your evidence.

If you were furloughed due to the COVID-19 pandemic

We appreciate that the furlough scheme is now finished, as this was still active for part of the 2021-22 tax year, we still need you to provide your financial information. You’ll need to complete the Financial Information Confirmation form and return this along with your financial evidence for tax year 2021-22. For example, you can send your P60, month 12 or final week payslip.

If you have zero income to declare

You still need to return the Financial Information Confirmation form and include a note declaring your zero income.

Once we receive your form, we’ll send you a letter along with a form to clarify the households financial situation with details of any non-taxable income received. We’ll also ask for evidence to confirm how you supported yourself through the financial year.

If a sponsor is deceased after a current year income assessment has been awarded

If a sponsor passes away after the student is awarded a current year income assessment, in the academic years where the current year income figures are being used we’ll need to prorate the income of the deceased sponsor.

We’ll need to the deceased sponsor’s death certificate and financial evidence to finalise the current year income assessment. If the student has more than one sponsor, you’ll need to provide financial evidence for the deceased sponsor.

If you’re unable to provide this evidence then we would prorate the deceased sponsor’s estimated current year income figures.

If the student is returning to their studies in academic year 2022 to 2023 and your income has dropped by 15% or more

You can complete another Current Year Income assessment form for academic year 2022 to 2023. The process will be the same as before. You’ll need to tell us what your estimated income will be for the tax year 2022-23 and at the end of the tax year, complete the Financial Information Confirmation form and send your financial evidence when we request this.

You can download and complete the Current Year Income assessment form then upload it via your online account.

Download CYI - current tax year income assessment form 2022 to 2023.