Residual Household Income

When you apply to your funding body they will assess your Residual Household Income.

We will use this figure to calculate your University of Edinburgh Bursary.

 

Remember, you do not need to apply for the University of Edinburgh bursary, but will be automatically considered by information you provide about household income to your funding body.

How Residual Household Income is calculated

Residual Household Income is calculated by taking the total gross taxable income from the household as a starting point.

This figure is then reduced by the amount of Private Pension Plans, Additional Voluntary Contributions or other taxable allowances your sponsors pays, for instance your parents, spouse or partner.

This is further reduced by £1,130 for each child/student in your household who is financially dependant.

Examples

Here are some examples of how we would work out your University of Edinburgh Bursary entitlement using Residual Household Income.

Please note, that in addition to the University of Edinburgh Bursary figures quoted here, you can also apply for our Access and Accommodation Bursaries.

Example 1

A student's household has:

  • Gross taxable income of £48,500.
  • Private pension plan payment of £3,000.
  • Three financially dependant children (3 x £1,130) = £3,390

So, £48,500 - £3,000 - £3,390 = £42,110

In this case £42,110 is the Residual Household Income.

What does this mean for this student?

They would receive an University of Edinburgh Bursary of a minimum of £2,000 over a four year degree.

Example 2

A student's household has:

  • Gross taxable income of £35,000.
  • Private pension plan payment of £2,000
  • Three financially dependant children (3 x £1,130) = £3,390

So, £35,000 - £2,000 - £3,390 = £29,610.

In this case £29,610 is the Residual Household Income.

What does this mean for this student?

They would receive an University of Edinburgh Bursary of a minimum of £8,000 over a four year degree.

Example 3

A student's household has:

  • Gross taxable income of £37,000.
  • Two financially dependent children (2 x £1,130) = £2,260

So, £37,000 - £2,260 = £34,740.

In this case £34,740 is the Residual Household Income.

What does this mean for this student?

They would receive an University of Edinburgh Bursary of a minimum of £6,000 over a four year degree.

Example 4

A student's household has:

  • Gross taxable income of £20,000.
  • Two financially dependant children (2 x £1,130) = £2,260

So, £20,000 - £2,260 = £17,740.

In this case £17,740 is the Residual Household Income.

What does this mean for this student?

They would receive an University of Edinburgh Bursary of a minimum of £22,800 over a four year degree.

Example 5

A student's household has:

  • Gross taxable income of £19,300.
  • Three financially dependent children (3 x £1,130) = £3,390

So, £19,300 - £3,390 = £15,910.

In this case £15,910 is the Residual Household Income.

What does this mean for this student?

They would receive the maximum University of Edinburgh Bursary of £28,000 over a four year degree.

More information

More information about how Residual Household Income is calculated is available by following the relevant links below.

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