Current year income – Guidance on finalisation assessments

If you’ve not gotreceived your P60 yet or can’t findlocate it

We understand that you might not have received your financial evidence for tax year 2022-232021-22 yet or you mightmay findhave itdifficulty hardproviding to give us the evidence we’ve asked for.

Don’t worry if you can’t giveprovide us your P60, we can accept a copy of your March 20232022 payslip as long as itthis showsincludes the total year to date figures.

If you haven’t gotreceived ana emailnotification about finalising the current year income assessment and/or are unsure of how to do this

We’veWe emailedhave attempted to email parents and partners of students toasking ask them to confirm their financial information.

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 getreceive this email, follow the steps below to finalisefind theout assessment:how.

• Download and save the Financial Information Confirmation form (PDF, 221KB). Complete the form and then digitally upload it tovia your online account by going to the application you supported for the academic year 2022/232021/22 and selectingselect ‘upload supporting evidence’.evidence’
• UploadReturn this form along with your tax year 2022-232021-22 financial evidence. The form explains what documentsfinancial evidence you can provide.
• You don’t need to sign the form if you’re uploading it tothrough 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 46 to 68 weeks to process, but we’ll contact the student by email or post as soon as we’ve updatedprocessed theirit, application.notifying them of the outcome. They can also checkmonitor their online account for updates.

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

If you haven’t submitted your tax return for tax year 2022-232021-22 and youyou’re can’tunable to do itso until later in the year, you can delaydefer the finalisation.finalisation of your current year income.

You’ll still need to complete the form we’ve sent you and confirm your upup-to-date to date estimates. TickYou thecan boxtell in section 5 to let us know that you haven’t submitted your tax return yet.yet in section 5 of the form.

We’ll then contact you inthe following February 2024 to remindask you to send your evidence.

If you havewere nofurloughed incomedue to declarethe COVID-19 pandemic

YouWe 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 returnprovide your financial information. You’ll need to complete the Financial Information Confirmation form (PDF,and 221KB)return andthis includealong awith noteyour tofinancial letevidence usfor knowtax year 2021-22. For example, you can send your P60, month 12 or final week payslip.

If you have nozero income to declare.declare

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

Once we getreceive your form, wewe’ll maysend contact you againa letter along with a form to clarify the households financial situation with details of any non-taxable income received. We’ll also ask for furtherevidence informationto onconfirm how you supported yourself.yourself through the financial year.

If a sponsor diesis 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 seeprorate the income of the deceased sponsor.

We’ll need to the deceased sponsor’s death certificate and financial evidence to finalise the application.

Sendcurrent ayear coverincome letterassessment. explainingIf that the sponsorstudent ishas deceased,more athan copyone ofsponsor, theyou’ll deathneed certificateto andprovide any financial evidence you have for taxthe yeardeceased 2022-23.sponsor.

If Onceyou’re weunable haveto this,provide we’llthis pro-rateevidence theirthen incomewe fromwould prorate the beginningdeceased ofsponsor’s theestimated academiccurrent year toincome when they passed away.figures.

If the student is returning to their studies in academic year 20232022 to 20242023 and your income has dropped by 15% or more

You can complete another Current Year Income assessment form for academic year 20232022 to 2024.2023. The process will be the same as before. You’ll need to tell us what your estimated income will be for the tax year 2023-24.2022-23 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 tovia your online account.

• Download CYI - current tax year income assessment form 20232022 to 20242023.