2026/27 figures checked 29 Sept 2026 · First instalments are landing now – see payment dates
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Student Finance Household Income Calculator 2026/27

Student Finance England counts your parents’ taxable income before tax from the 2024 to 2025 tax year, then takes off pension contributions and £1,130 for each other dependent child. The result decides your loan.

Figures checked 29 September 2026By Ashish YadavHow we calculate

Income for 2024 to 2025

2026/27
£
Salary, self-employed profit, taxable benefits
£
Include a step-parent who lives with them
£
Only if not already taken off before tax
£
£
Rental profit, taxable savings interest or dividends
children
Not counting you. Each one takes off £1,130.
Household income for student finance
£60,000
  1. Gross income: £60,000
  2. Minus pension contributions: −£0
  3. Minus 0 × £1,130 for other children: −£0
  4. = £60,000
What this means for your 2026/27 loan (England)
With parents Living at home£4,013
Away from home Outside London£5,421
In London Away from home£8,632

Open the full maintenance loan calculator with this income →

What counts as household income

Included: salaries and wages before tax, self-employed profits, taxable benefits, rental profits, pensions being received, and savings or dividend income that is taxable.

Taken off:

  • Pension contributions that aren’t already taken off before tax
  • £1,130 for each other child who depends financially on the household (not the student applying)

Whose income is used

  • Parents living together: both parents’ income.
  • Separated parents: the parent you live with (or depend on), plus their partner if they have one.
  • Independent students: your own and your partner’s income instead.

If income has dropped

If this tax year’s income is expected to be at least 15% lower than in 2024 to 2025, your parents can ask for a Current Year Income assessment using the CYI form on GOV.UK. That can raise your loan.

Frequently asked questions

Is household income before or after tax?
Before tax. Student Finance uses gross taxable income, then deducts pension contributions and £1,130 for each other dependent child.
Which tax year is used for 2026/27?
The 2024 to 2025 tax year (6 April 2024 to 5 April 2025).
Does a step-parent’s income count?
Yes, if the parent you live with has a partner – married, civil partner or living together – their income is added.
What if my parents’ income has gone down?
If it will be at least 15% lower this tax year, they can apply for a Current Year Income assessment.