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Is a bursary taxable ?
Posted by Anonymous on Thu, 18/06/2009 - 15:01
I have a client who has a small part time business. She has started to train as a nurse (mature student) and receives a bursary of a few hundred pounds per month.
a) is this taxable
b) does it affect tax credits claim
Thanks
John
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No and no
A few hundred pounds a month sounds like the non-means tested bursary. I know that this isn't taxable - my daughter is a student nurse and I checked it out for her.
It isn't classed as income for tax credits: -
http://www.hmrc.gov.uk/manuals/tctmanual/tctm02431.htm