Income

For the 2017/2018 academic year, your application will be assessed on gross income from all sources for the period 1st January 2016 to 31st December 2016

The persons whose income is taken into consideration depends on your applicant class This will fall into either of the following two categories;

  • Dependent / Mature Dependent Student: you will be assessed on your own income and that of your parents/legal guardians.
  • Independent Student:  you will be assessed on your own income and that of your spouse/civil partner/cohabitant.

Gross income

Gross income includes income before any deductions made for PAYE, income tax and other taxes, PRSI, income levies, etc. and also includes income that is described as “tax-free”, “tax-paid”, “not liable to tax” or “exempt from tax.

If you are unsure whether any income should be included in your application you should provide details of this income in the application form.

SUSI may receive data from the Revenue Commissioners and the Department of Social Protection to assist in the evaluation and processing of your grant application. After the provisional assessment of your application you may be asked to send SUSI documentary evidence of your declared income.

Reckonable Income

This is the proportion of your gross income to be considered by SUSI in calculating if you are eligible for a grant. Your reckonable income will determine if you are eligible for funding from SUSI and if you are, what type of funding you could receive. Please see below links for information regarding the income thresholds and grant award rates.

PLC Income Thresholds and Grant Award Rates information

Undergraduate Income Thresholds and Grant Award Rates information

Postgraduate Income Thresholds and Grant Award Rates information

Students Studying Outside the State Income Thresholds and Grant Award Rates information

Sources of income

The income that will be taken into account is income arising from both inside and outside the State including, but not exclusive to, income under the following headings:

  • Income from employment (including benefit-in-kind and directorships)
  • Social welfare payments (including the social welfare state pension)
  • Payments from other government departments or state agencies
  • Self-employment or farming
  • Rental and other income from land and property
  • Income from pensions
  • Income from savings, deposit accounts and investments
  • Income from maintenance arrangements
  • Lump sum payments from retirement and redundancy
  • Income from the disposal of assets or rights
  • Gifts and inheritances (you must fill out gifts/inheritance table)
  • Income from other sources not mentioned above

Income Disregards

The following payments are not included in calculating reckonable income.

  • Child Benefit
  • Family Income Supplement
  • Disability Allowance (where paid to the applicant)
  • Blind Pension (where paid to the applicant)
  • One Parent Family Payments (Means Tested) (where paid to the applicant)
  • Guardian’s Payment
  • Foster Care and Aftercare Allowances
  • Domiciliary Care Allowance
  • Carer’s Allowance
  • Student Assistance Fund
  • Student grant
  • Compensation for a personal injury
  • Caranua services support
  • Department of Education and Skills Third Level Bursary Scheme
  • Exceptional Needs Payments
  • Household Benefits Package
  • Housing Assistance Payment
  • Independent Living Allowance for Young People in Residential Care
  • Jobseeker’s Allowance Transition (where paid to the applicant)
  • Mortgage Interest Supplement
  • Rent Supplement
  • Water Conservation Grant
  • Back to Work Family Dividend
  • Carer’s Support Grant (where paid to recipients of the Carer’s Allowance
    and Domiciliary Care Allowance)
  • Department of Social Protection Temporary Provisions Payment (commonly
    referred to as the Christmas Bonus payment)
  • Mobility Allowance (where paid to the applicant)
  • Rental Accomadation Scheme

Income Deduction and Adjustments

Reckonable Income Limits/Deduction Allowable

  • The reckonable income limits are increased to take account of the number of dependent children (The number of other children in the household dependent on the applicant and/or their parent(s)/legal guardian, spouse, civil partner or cohabitant) in accordance with the Student Grant Scheme.
  • The reckonable income limits can also be adjusted to take account of relevant persons (Another person, (dependent child, applicant’s parent(s)/legal guardian, independent applicant’s spouse, civil partner or cohabitant) within the household who is attending a full-time course of study in further or higher education) in accordance with the Student Grant Scheme.
  • A deduction (maximum €4500) can be made for Holiday Earnings earned outside term time for an applicant who was in education and also employed during the previous year (2 weeks at Christmas, 2 weeks at Easter and 12 weeks during the summer (June-August, only) are allowed).

There are also some further deductions that can be made, as follows:

(a) in respect of income from employment, employment-related expenses as approved by the Revenue Commissioners (that appear on your P21);

(b) income from employment which represents holiday earnings outside of term time, maximum €4,500;

(c) maintenance payments made under a legally enforceable arrangement to a separated spouse, as approved by the Revenue Commissioners (that appear on your P21);

(d) contributions to pension schemes and pension or retirement products, within the limits allowed by the Revenue Commissioners (that appear on your P21); and

(e) overtime payments earned in the reference period (2016) that are not recurring payments.

We may be able to confirm the amounts of these payments directly with Revenue on your behalf, however we will request documentary evidence from you where necessary, such as payslips or a letter from your employer.