Contact Us

He is probably referring to the Education Maintenance Allowance (EMA) - a Government scheme which financially incentivises students to stay in full time education. If your son turned 16, 17 or 18 in the school year up to August 31 2008, and is entering a full time further education course at a college or school, or taking an LSC funded Diploma or a course which leads to an Apprenticeship he can claim the allowance.

The amount payable depends on your family’s household income. The thresholds applicable for the forthcoming school year are based on income earned in the 2007/2008 tax year, and are:

  •  Household income up to £20,817 per annum receives £30 per week
  • Household income from £20,817- £25,521 per annum receives £20 per week
  • Household income from £24,851- £30,000 per annum receives £10 per week

If your household income exceeds £30,810 per year your son will not receive any weekly payment.

For more information visit  www.ema.direct.gov.uk  or speak to your local TaxAssist accountant.

Date published 5 Dec 2012

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

01233 771926

Or contact us