SUSI Grant. Is 'Reckonable Income', Gross or Net?

T

Tadaima

Registered User
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I am seeing and hearing clashing information about the SUSI grant. On Citizens Information, I read;

"Your reckonable income is the total amount of your net family income. This is income from all sources (including most social welfare payments) after tax, PRSI and USC have been deducted."

But on the SUSI website it says:
"The income calculation is based on gross income from all sources for the previous calendar year."

I've 3 in college. It's killing me, even though I saved for 20 years for it.
 
Tadaima said:
On Citizens Information, I read;

"Your reckonable income is the total amount of your net family income. This is income from all sources (including most social welfare payments) after tax, PRSI and USC have been deducted."
Click to expand...
Where? I see this:

Student Grant Scheme

This page explains the Student Grant Scheme (also called the SUSI Grant). Find out how to apply for a grant and the grant rates.
www.citizensinformation.ie
 
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"paid in the reference period only" is important. They are not interested in pension payments paid in the current year, set against the previous years tax.
 
I was on the wrong Citizens Information page, it seems @ClubMan. So it is gross income. Deducting the pension payments might help.
 
Was there any change to the reckonable income limits? I didn't see any mention of it, but thought I had read a few weeks back it was due to increase

2024 Income limits to be eligible for Contribution grant (no maintenance):

SUSI GRANT LEVELS 2024€
Full Contribution55,924
Half Contribution62,000
€500100,000

Note for OP - these bands are then increased +€4,950 per additional person attending a full-time course.
 
(Some of?) the 2023/2024 income limits are detailed here if that helps?

SUSI is now open for new applications for academic year 2023/24 | SUSI

www.susi.ie
 
50andOut said:
No, I already have the current info, specifically asking if its changed/increased going forward
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What exactly do you mean? For the 2024/5 academic year the income limits on 2003 income are published. They obviously haven't published anything for 2025/6 or later yet. What exactly are you looking for?
 
@50andOut

Good news/bad news

The good is that I understand your question! - the bad is that there has been no increase announced in respect of the income threshold for 2025.
 
Well, if it's true, that's news to me! How can one find out if true or not? You'd figure that the Dept of Further & Higher Ed would have been all over this?
 
Yes, I think they just kept student fees at €2000 (€3000 minus €1000 reduction—same as last year and the year before), but the budget didn't change the SUSI grant thresholds, despite the rumours.
 

Budget 2025

Budget 2025 was announced on Tuesday, 1 October 2024. This page provides a summary of the main budget measures and will be updated regularly.
www.citizensinformation.ie
 
So am I am correct in saying if your family income ( student and both spouses) exceeds 100,000 you are still entitled to €500 ?
 
Does this mean you can look at the Paye payslip for the previous year and deduct all the non-employer payment contributions?
 
@Sharpie. If there are additional people in the household attending full time courses and/or relevant pension contributions are circa 10% or above on the €100,000 euro earnings. That is what it roughly appears to be from my view. I can't get it as my student offspring have part time jobs throughout the year, and I had rental earnings (no more) in 2023. (The government don't account for the fact that the tenants caused more costs than income.)
 
JimmyB99 said:
Well, if it's true, that's news to me! How can one find out if true or not? You'd figure that the Dept of Further & Higher Ed would have been all over this?
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The minister's statement here says "Increasing Standard Rate Maintenance Grant thresholds and Student Contribution Grant thresholds by 15 per cent.". I expect that something in that regard will appear on the SUSI website by the end of October.
 
Tadaima said:
But on the SUSI website it says:
"The income calculation is based on gross income from all sources for the previous calendar year."
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Your and your spouse's total gross income (less pension contributions) plus the gross income for a given child (with disregards for holiday work) for the previous calendar year. With 3 in college your have 3 different totals. Thresholds increase based on number in college and also number of dependents. It seems Budget 2025 will increase thresholds by 15%. Look at the SUSI thresholds and crunch your numbers.
 
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