§ Mr. George Cunninghamasked the Secretary of State for Education and Science whether parental income for the purposes of student grants in 1981–82 as described in the Department's recent press release will be subject to a deduction for all life insurance premiums which were deductible from income for tax purposes in tax year 1980–81.
§ Dr. BoysonSubject to negative resolution of the House later this year, it is at present intended that the Education (Mandatory Awards) Regulations 1981 will provide for the aggregate gross amount of any premiums eligible for income tax relief on a policy of life assurance to be disregarded from parental gross income for contribution purposes, up to 15 per cent. of the parent's gross income. For the 1981–82 academic year, the gross income of most parents will be deemed to be that received in the 1980–81 financial year.