Current year income, finalisation assessments


As the tax year has ended, we’re now carrying out the current year income finalisation assessments for the academic year 2021 to 2022. However, if you’re not able to provide what we ask for we’ve created some advice that may relate to your situation below.

If you’ve not received your P60 yet or can’t locate it

We understand that you might not have received your financial evidence for tax year 2021 to 2022 yet or you may have difficulty providing the evidence we’ve asked for.

Don’t worry if you can’t provide your P60, we can accept a copy of your March 2022 payslip as long as this includes the year to date figures.

If you haven’t received a notification about finalising the current year income assessment and/or are unsure of how to do this

We have attempted to email parents and partners of students asking them to confirm their financial information and provide evidence to finalise the current year income assessment. This email also provided information on how to do this. If you did not receive this email, follow the steps below to find out how.

  • Download and save the Financial Information Confirmation form. Complete the form and then digitally upload it via your online account by clicking on the green ‘Upload evidence’ button.
  • Return this form along with your tax year 2021 to 2022 financial evidence. The form explains what financial evidence you can provide.
  • You don’t need to sign the form if you’re uploading it through your online account. However, if you choose to upload the form through someone else’s account, the form should be fully signed and dated in ink or we cannot accept it.

If you cannot upload your form, you should return it with clear photocopies of your evidence to:

Student Finance Wales
PO Box 211
Llandudno Junction
LL30 9FU

If you have zero income to declare

You’ll still need to return the Financial Information Confirmation form and include a note declaring your zero income. Once we receive your form, we will send you a letter along with a form to clarify the households financial situation with details of any non-taxable income received. We’ll also ask for evidence to confirm how you supported yourself through the financial year.

If you have been furloughed due to the COVID-19 pandemic

You’ll need to complete the Financial Information Confirmation form and return this along with your financial evidence for tax year 2021 to 2022. For example, you can send your P60, month 12 or final week payslip.

If you have had multiple employers during the tax year 2021 to 2022

You’ll need to complete the Financial Information Confirmation form confirming all sources of taxable income and return this along with financial evidence from each of your employers. For example, you can submit a copy of your most recent P60. However, if you don’t have this yet, you can submit a copy of your month 12 or final week payslip and if you’ve had more than one job in the year, you can submit a copy of your P45.

If, after a current year income assessment has been awarded a sponsors dies, in the academic years where the current year income figures are being used we will need to prorate the income of the sponsor(s) no longer supporting the application.

You will need to submit your sponsors death certificate and financial evidence to finalise the current year income. If the student has more than one sponsor, the remaining sponsor would need to provide financial evidence for the deceased sponsor. If they are unable to be provide this evidence then we would prorate the deceased sponsor’s estimated CYI figures.

If the student is returning to their studies in academic year 2022 to 2023 and your income has dropped by 15% or more

You can complete another Current Year Income form for academic year 2022 to 2023. The process will be the same as before. You’ll need to tell us what your estimated income will be for the tax year 2022 to 2023 and at the end of the tax year, complete the Financial Information Confirmation form and send your financial evidence when we request this.

Current Year Income Assessment

You can download and complete the Current Year Income form then upload this via your online account.